224 Jeffrey Road
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 |
|---|---|---|---|
| Oct 30, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 27, 2025 | Price Decreased |
$299,900
↓ $100
(0%) | |
| Price Decreased | |||
| Sep 9, 2025 | Listed by Lock and Key Realty Inc. | $300,000 | |
| Listed by Lock and Key Realty Inc. | |||
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Charming Ranch in Desirable Sixteen Acres! Welcome to this inviting 3-bedroom, 1.5-bath ranch located in Springfield’s sought-after Sixteen Acres neighborhood. Built in 1989, this well-maintained home offers a bright and open living room featuring a skylight and cathedral ceilings, creating a warm and airy atmosphere.Enjoy year-round comfort with central air, and make the most of the partially finished basement, ideal for a family room, home office, gym, or additional storage. Major updates include a furnace and hot water heater (2016), giving peace of mind to the next homeowner.Outside, a fenced-in yard provides privacy and the perfect space for outdoor gatherings, play, or pets. Conveniently situated near schools, colleges, shopping, and area amenities, this property combines comfort, location, and value — a great opportunity to make Sixteen Acres your home!
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| Apr 19, 2016 | Sold | ||
| Sold | |||
| Jan 28, 2016 | Listed by Petri, Dickinson & Gallagher Real Estate | $154,000 | |
| Listed by Petri, Dickinson & Gallagher Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017