351 Spruce Drive
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 |
|---|---|---|---|
| Oct 20, 2023 | No longer available | - | |
| No longer available | |||
| Sep 20, 2023 | In contract | - | |
| In contract | |||
| Aug 29, 2023 | Price Decreased |
$409,900
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Aug 16, 2023 | Listed by Hallmark Realtors | $420,000 | |
| Listed by Hallmark Realtors | |||
| | |||
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Welcome to this beautiful Lake Riviera Ranch with a covered front porch and oversized driveway. This home features 3 Bedrooms, 1.5 Baths, Living Room w/ Bay Window, Eat-in-Kitchen, Laundry Room w/ 1/2 Bath, Dining Room w/ Sliders leading to the spacious fenced-in yard with plenty of room for entertaining. The backyard features a Patio with a Pergola/Gazebo (2022) and Shed (2022). Central Air. Roof, Siding & Windows done in 2012, and new Hot Water Heater (2022). Close to highways & shopping. You don't want to miss this one ! The manager has listed the unit size as 1220 square feet.
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| Aug 31, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017