40 Spring Ter
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 10, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by RE/MAX Prof Associates | $449,900 | |
| Listed by RE/MAX Prof Associates | |||
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Fantastic opportunity! Sweet Ranch on the Northside of town! This solid 3-bedroom 1-bathroom single-level home has been in the same family for many years and offers a chance to build sweat-equity easily in a very desirable, quiet neighborhood.. The layout is simple and functional with 3 spacious bedrooms, hardwoods throughout and a good size kitchen & bath. The cozy living room has a working fireplace and bay window that fills the room with sunlight! Unfinished walkout basement with a lot of potential. Outside, you’ll find a large, flat yard perfect for outdoor activities, gardening, and a patio for relaxing with family and friends. The best feature of this property is its convenient location—just a short walk to Spring Street School ranked #9 in MA, Dean Park, and close to major routes with plenty of off-street parking. This home offers great potential for value & growth. Investors and buyers, come see this GEM, bring your vison and enjoy all that Shrewsbury has to offer!
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| Oct 4, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 25, 2024 | Listed by Thrive Real Estate Specialists | $419,000 | |
| Listed by Thrive Real Estate Specialists | |||
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Welcome to this mid-century 3-bedroom, 1-bath ranch located in the desirable Northside of town. This home offers a fantastic opportunity to build sweat equity with some cosmetic updates. The layout is simple and functional, with spacious bedrooms and a cozy living area. The kitchen and bathroom are ready for your personal touch to make this home truly shine. Outside, you’ll find a nice, flat yard perfect for outdoor activities, gardening, or simply relaxing in the fresh air. One of the best features of this property is its convenient location—just a short walk to Spring Street School, Dean Park, and other local amenities. Whether you’re a first-time homebuyer or an investor looking for a project, this home offers great potential for value growth. Don’t miss your chance to turn this house into a lovely home and enjoy all that Shrewsbury has to offer!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017