25 Spring Road
About This Property
A large pond graces one side of the property, and a warehouse unit for farming equipment and a large garage are located in the back. Approximately 6 acres of cleared land are available for farming or can be used to keep animals. Plenty of room for setting up a horse ranch.
The opportunities are endless.
Close to shopping and the 195, you have the best of both worlds, rural living and city conveniences.
Don't miss the opportunity to get this property while it lasts.
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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 |
|---|---|---|---|
| Sep 5, 2022 | Sold | ||
| Sold | |||
| Mar 13, 2022 | Listed by HomeSmart First Advantage | $799,000 | |
| Listed by HomeSmart First Advantage | |||
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About Monmouth
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22207106
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017