501 Springfield St
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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | Listed by Coldwell Banker Realty - Western MA | $79,000 | |
| Listed by Coldwell Banker Realty - Western MA | |||
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This 3.14 acre lot is right on the Wilbraham/Palmer town line and is in a beautiful setting. Plot plan is attached and buyer to do their own due diligence. A perc test was performed in May, 2024 and it passed. There is a small easement on the far right side of the property..
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| Jun 8, 2023 | Listed by Coldwell Banker Realty - Western MA | $79,000 | |
| Listed by Coldwell Banker Realty - Western MA | |||
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|
This 3.14 acre lot is right on the Wilbraham/Palmer town line and is in a beautiful setting. Plot plan is attached and buyer to do their own due diligence.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017