405 Spring Street
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 |
|---|---|---|---|
| Apr 14, 2023 | Sold | ||
| Sold | |||
| Mar 17, 2023 | No longer available | - | |
| No longer available | |||
| Mar 8, 2023 | Listed by Re/Max Red | $122,500 | |
| Listed by Re/Max Red | |||
| Aug 25, 2022 | Listed by RE/MAX Red | $122,500 | |
| Listed by RE/MAX Red | |||
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Beautiful vacant land in Hot Sulphur Springs. Close to resort, walk to the Colorado River, easy access to East Grand, Summit County or West Grand. Conex included for immediate storage options, property is partially fenced, NO COVENANTS!
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