245 Springfield Avenue
About This Property
This well maintained 3 bedroom, 1.5 bath Colonial offers a warm blend of classic character and modern improvements. Inside, you'll find beautiful hardwood floors, fresh paint throughout, new light fixtures, a timeless tile bathroom, original decorative wood trim, spacious closets, and a bright enclosed front porch perfect for relaxing.
The home is mechanically solid, featuring a tear off roof (approx. 12 years), new energy efficient thermal windows, glass block basement windows, a 4 year old furnace and hot water heater, a security system, and a newer asphalt driveway (approx. 7 years).
Enjoy a very deep lot with a generous backyard ideal for outdoor living. Located on a tree lined street just a short walk to Savoia Pastry Shoppe and only minutes from the Rochester Public Market, this home offers both convenience and charm.
Delayed negotiations through June 17 until 6pm.
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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%.
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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.
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About Northland-Lyceum
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017