40 Fairbanks Road
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 |
|---|---|---|---|
| Jan 4, 2021 | Sold | ||
| Sold | |||
| Feb 15, 2020 | Listed by Town and Country Realty | $124,900 | |
| Listed by Town and Country Realty | |||
| Aug 12, 2019 | No longer available | - | |
| No longer available | |||
| Jun 28, 2019 | Listed | $129,000 | |
| Listed | |||
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This home, built in the 40's, remains comfortable and in a very unique location in North Springfield. A great investment property as it fronts on Fairbanks Road, as well as fronting in the rear of the 4.9 acres on Precision Drive, Springfield's Industrial Park. The land is primarily open and level with a great deal of potential! The home has 3 bedrooms, a living and dining room, galley kitchen, bath, and laundry room with an upright freezer, washer and dryer. A "shed" entry serves the bonus purpose of entering, with plenty of room for coats, shoes, umbrellas, and boots before opening the main door to the home! The large open barn type structure serves 2 cars and is ample in size. Apple trees adorn the yard as well as a stone walls, fields, and owners will enjoy easy access on a paved, level road. The manager has listed the unit size as 2186 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017