3 Spruce Street
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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 |
|---|---|---|---|
| Sep 13, 2019 | Sold | ||
| Sold | |||
| Aug 7, 2019 | Listed by Bean Group / Portsmouth | $465,500 | |
| Listed by Bean Group / Portsmouth | |||
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Welcome home to 3 Spruce St, the highly anticipated renovation of this in town Bungalow. Practically all new construction, as only the existing foundation and partial walls were kept to enable maximum use of the lot. A new expanded foundation added a 3rd bedroom, larger Master and a large one car garage. All new roof, engineered with trusses, created an open concept kitchen and family room with soaring cathedral ceilings. A professionally designed kitchen includes SS appliances, granite countertops, large island and two walls of cabinetry with the latest features! This thoughtful design layout allows for easy food preparation while still interacting with friends and family. The master bedroom is open and airy with a vaulted ceiling and walk-in closet. The master bath is practical as well as beautiful with a tiled shower and tiled flooring. A glass sliding door leads to a private Azek easy care deck. Overlooking your large, level and encompassing solid vinyl fenced in yard, is a great space for rest and relaxation. A 2nd full bath has tiled flooring and a space for the a stackable washer/dryer. Details in the design outside are highlighted by the full length Farmers porch with Hemlock beams and wood bead board ceiling, Azek decking and decorative posts. Approached from a brick paver walkway, it's a sure place for gatherings! Architectural shingles, vinyl clapboards & shakes, paved driveway, new central AC & 1 level living. Simplify your housing wants and needs! Showings 8/14.
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| Oct 31, 2018 | Listed by The Gove Group Real Estate, LLC | $249,900 | |
| Listed by The Gove Group Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017