39530 Spanish Oaks Drive
About This Property
This beautifully appointed home has an open floor plan that allows for a seamless flow between the living areas. The primary bedroom offers a comfortable and private retreat, while the additional guest bedroom provides Privacy. The outdoor entertainment area flows seamlessly from the home to the outdoor patio. Large Barbeque Island is perfect for entertaining. The bathrooms are well-appointed and offer modern amenities. Built for Equestrian Lovers, the Property has a 4 stall Open Air Barn with Electric and Water. Above the barn area is a large 1-acre pasture for grazing. Below the barn is an arena for exercise as well as the many trails included in the Community. Well water with a 5000-gallon storage tank, Solar panels to supplement Electricity. The property's location on a 4 .24 Acre Corner lot ensures plenty of room for outdoor pursuits and activities.2 car detached garage with Opener. Residents can enjoy the tranquility of the rural setting while still having access to nearby conveniences and services. The property's unique features make it an ideal choice for those with a desire for a peaceful, country-style living experience. Original Owners have taken excellent care of the home. This is a beautiful and Unique Property! Covered Parking for Autos and RV near entry.
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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 |
|---|---|---|---|
| Feb 11, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | Listed by Coldwell Banker Realty | $770,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017