506 Sprong Lane
About This Property
SELLER HAS DONE SOME GREAT WORK TO THIS HOME. NEW KITCHEN CABINETS, NEW WINDOWS AND SOME BATHROOMS WERE REDONE.NEWER AIR CONDITIONING, CROWN MOLDING THRU'OUT THE HOUSE, RECESS LIGHTNINGS, 2 WAY LIGHTING SWITCHES.. GREAT HUGE BACKYARD PERFECT FOR ENTERTAINMENT. LOTS OF FRUIT TREES TO ENJOY ... LOW MAINTENANCE TOO. LOTS OF PRIVACY IN THIS HOME. NOTE: BUYER TO DO THEIR DUE DILIGENCE TO SATISFY THEMSELVES ON CONDITIONS, NEIGHBORHOOD, PERMITS ON 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 17, 2020 | Sold | ||
| Sold | |||
| Dec 4, 2019 | Listed by C-21 Masters | $539,000 | |
| Listed by C-21 Masters | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017