18503 Spinney Lane Drive
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2021 | Sold | ||
| Sold | |||
| Mar 6, 2021 | Listed by SavvyWay Realty, Inc. | $218,900 | |
| Listed by SavvyWay Realty, Inc. | |||
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A lovely corner lot with two huge Palm trees in the front yard. This gorgeous one-story home has been beautifully updated. Open floor plan with 4 bedrooms & 2 full bathrooms. Luxury vinyl waterproof flooring and modern LED recessed lights throughout the entire house. Spacious living room w/10ft ceilings, black stone fireplace and large window. Stunning kitchen & bar with white quartz countertops, soft closing cabinets /drawers, touchless sink faucet, new stainless-steel appliances and corner pantry. Big master bedroom w/ 3 large windows, high ceiling and walk-in closet. Beautiful master bathroom with tub & shower, floating double sinks cabinets and plenty of natural light. Guest bathroom with spacious shower and round modern mirror. Laundry room with new washer/dryer. Two attached car garage. Fully fenced back yard with large Oak tree, wood pergola, and siting & bar area perfect for entertainment, kids and pets.
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| Jul 31, 2020 | Sold | ||
| Sold | |||
| May 7, 2020 | Listed by The Watkins Group | $170,000 | |
| Listed by The Watkins Group | |||
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A lovely corner lot in Paddock Subdivision just off Spencer/Hwy 529, with huge Palm trees in front yard and large Oak tree in the fenced back yard, for year-round shade. This is the largest one-story floor plan, 4-bedroom 2 bath available, HCAD incorrectly shows as only 3 bedrooms. Foyer opens into large open space with high ceilings, fireplace and a delightful folding French door leading to eat-in kitchen. Huge principal bedroom with spacious ensuite bath with garden tub. Three additional bedrooms all with large closets. Close proximity to Hwy 290 and Grand Parkway 99. Lots of local eateries, parks, schools. Enjoy a day of fun at Boardwalk at Towne Lake and shopping and more near Willowbrook Mall. Home needs upgrading, flooring and painting, but could be the home or investment you’ve been waiting for. Steps away from a well-appointed neighborhood park with swings, jungle gym, a tennis court and beautiful pool with a deck surround. All room measurements to be verified by buyer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017