18715 Spinney Lane Drive
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What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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 |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Oct 24, 2023 | Listed by Sprout Realty | $237,000 | |
| Listed by Sprout Realty | |||
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Located in the highly sought after city of Cypress, TX. This 3 bedroom, 2 bathroom well kept home has so much to offer inclulding an above ground jacuzzi. Enjoy the peace and quiet of having no back neighbors. This home features an open concept with tile flooring throughout the kitchen and living area with immense amounts of natural light shining through. The extended covered patio is perfect for hosting outdoor gatherings with friends and family. Zoned to the award winning school district Cy-Fair ISD! Schedule your private tour today before it's too late!
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About Paddock
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017