28296 Spring Valley Drive
About This Property
The home features an open layout, vaulted ceilings, and a flexible front room ideal for an office or formal living space, complete with two closets. Spacious bedrooms and a functional floor plan provide comfort and versatility throughout.
Enjoy outdoor living with a covered patio n porch, front gated entrance, and a designated outdoor kitchen area, already set up and ready for a grill perfect for entertaining and family gatherings. With no known restrictions, the expansive acreage allows room for additional improvements such as a pool, workshop, or recreational space.
The property is equipped with two HVAC systems for efficiency, a 2 ton unit serving the primary suite and a 3.5 ton unit for the remainder of the home. This property presents a great opportunity for buyers looking to finish and customize a home to their vision. There is not an updated survey, if one needed it will have to be at buyer expense.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Jan 18, 2026 | Price Decreased |
$310,000
↓ $25K
(7.5%) | |
| Price Decreased | |||
| Jan 3, 2026 | Listed by Ultima Real Estate | $335,000 | |
| Listed by Ultima Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017