2864 SPRUCE Street
About This Property
Take a look at this 1.1 acre lot that you can transform into your dream home! Ideally located between Palm Coast and Palatka. You can bring your four-wheelers, small farm animals and enjoy the great outdoors. Only miles away from Hidden Trails Community center/Park; which offers walking trails, picnic tables, basketball court, kids play area and more. This lot has easy access to electric hook up and a county maintained dirt road.
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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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Aug 5, 2024 | In contract | - | |
| In contract | |||
| Jul 9, 2024 | Relisted | $29,000 | |
| Relisted | |||
| Jul 9, 2024 | Price Increased |
$366,995
↑ $338K
(1,165.5%) | |
| Price Increased | |||
| Jun 19, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017