306 E Main Street
About This Property
Welcome to 306 E Main St, located just east of Spring Arbor College and within the sought-after Western School District. This property features 2 bedrooms, 1 full bathroom, and a full basement offering plenty of storage space. The 2-car garage provides secure parking and extra utility, while a fenced area of the backyard is perfect for pets, play, or outdoor gatherings.
Whether you're looking for your first home, downsizing, or seeking an investment property in a convenient location, this home checks the boxes. Enjoy the charm of small-town living with close access to schools, shopping, and main roads for easy commuting.
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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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Oct 5, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Listed by ERA REARDON REALTY, L.L.C. | $125,000 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017