259 Spring 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 |
|---|---|---|---|
| Aug 9, 2013 | Sold | ||
| Sold | |||
| Jun 3, 2013 | Listed by RE/MAX Prestige | $314,900 | |
| Listed by RE/MAX Prestige | |||
| Dec 18, 1997 | Sold | ||
| Sold | |||
| Sep 9, 1997 | Listed by Century 21 McLennan & Company | $159,900 | |
| Listed by Century 21 McLennan & Company | |||
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SUPERIOR QUALITY SPLIT ENTRY HOME SET IN A QUIET EAST DRACUT LOCATION. GORGEOUS LEVEL ACRE OF LAND WITH STONE RETAINING WALLS & MATURE LANDSCAPING, ANDERSEN WINDOWS, SECURITY, 2X6 CONSTRUCTION, SEMI FINISHED LOWER LEVEL W/WOOD STOVE, & MORE
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