197 Blackwater Way
About This Property
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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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| May 29, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by Next Move Real Estate | $269,900 | |
| Listed by Next Move Real Estate | |||
| Jul 10, 2021 | No longer available | - | |
| No longer available | |||
| May 29, 2021 | Listed by Keller Williams Realty Coastal Area Partners,LLC | $197,900 | |
| Listed by Keller Williams Realty Coastal Area Partners,LLC | |||
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Recently renovated 3 bedroom 2 bathroom home plus an office/flex room. New carpet and vinyl flooring, fresh interior paint, new modern ceiling fan in Livingroom and upgraded landscaping. Tucked in a beautiful area of Springfield, Shadowbrook is located in one of the fastest growing areas in Georgia. Students will attend Effingham County Schools—one of the most innovative school systems in the state—where students perform better than the state average. The manager has listed the unit size as 1309 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017