4308 Spruce Road
About This Property
Upstairs, brand-new luxury vinyl flooring carries you up the stairs and through the hallway to three generously sized bedrooms. One of the bedrooms is large enough to serve as a game room, media room, or private suite-whatever fits your lifestyle best. Outside your front door, you'll love being within walking distance of the elementary school, community pool, and scenic greenbelt parks. This home offers the perfect blend of style, comfort, and community living in Melissa.
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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 |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Price Decreased |
$415,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Dec 3, 2025 | Listed by Coldwell Banker Realty Frisco | $420,000 | |
| Listed by Coldwell Banker Realty Frisco | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017