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Lot 24 Christine Drive
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 |
|---|---|---|---|
| Feb 25, 2010 | Sold | ||
| Sold | |||
| Jun 18, 2009 | Listed by Park Square Realty | $397,700 | |
| Listed by Park Square Realty | |||
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Custom built Ranch built by J.P. Builders. Construction to begin 6/30/09. Home to be built similar to plan. Appx. 1964 sq.ft. of living space. Last home available at one of West Springfields most elite developments “Gooseberry Estates” Full walk out basement unfinished. Quality craftsmanship and exquisite design. Gourmet kitchen with Cherry cabinets, granite counter tops. Perfect home for family and entertaining. Unique layout and exterior design. “The Perfect Ranch” at an unbelievable!
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