225 SPANIARDS 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 |
|---|---|---|---|
| May 8, 2025 | Sold | ||
| Sold | |||
| Apr 7, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Listed by MICHAEL SAUNDERS & CO. - BOCA | $950,000 | |
| Listed by MICHAEL SAUNDERS & CO. - BOCA | |||
| Dec 30, 2019 | No longer available | - | |
| No longer available | |||
| Oct 28, 2019 | Listed | $689,900 | |
| Listed | |||
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This will maintained furnished 3 bedroom,2 bath,2 car garage pool home is a boaters' dream. An 80' boat dock with lift connected to electricity & water is on a wide deep water canal with no fixed bridges & access to the ICW. Home has a new pool heater & equipment, A/C & Hot Water Heater are one year old. Refrigerator, Dishwasher & Stove were replaced 2 years ago along with a new septic tank & system. The electric powered double garage door is brand new. A circular driveway makes it easy to enter in & out of this one floor ranch style home. It sits on half-acre of mature landscaped land. Located 1/2 mile away are Restaurants,shopping centers,a post office & a gas station. Several golf courses, first class fishing, marinas & Boca Grande's sandy beaches are 5 minutes away. The manager has listed the unit size as 1392 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017