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Map
54 Phillips Avenue
About This Property
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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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Price Decreased |
$262,990
↓ $2K
(0.8%) | |
| Price Decreased | |||
| May 30, 2025 | Price Decreased |
$264,990
↓ $5K
(1.9%) | |
| Price Decreased | |||
| May 12, 2025 | Listed | $269,999 | |
| Listed | |||
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**Charming 2-Bed, 2-Bath Ranch with Bonus Spaces & Spacious Yard!**Welcome to 54 Phillips Avenue in Springfield — a beautifully maintained 2-bedroom, 2-full-bath home offering comfort, functionality, and room to grow. Step inside to discover versatile bonus rooms perfect for dining, leisure, or extra storage, providing flexibility to match your lifestyle needs. The cozy family room features a wood stove and elegant wall-to-wall tile flooring, creating a warm and inviting space ideal for gatherings or relaxing evenings. Outside, enjoy an ample fenced-in yard that’s perfect for outdoor activities, gardening, and year-round enjoyment. Whether you're entertaining guests or seeking your own private retreat, this backyard delivers. Conveniently located near local amenities, parks, and commuter routes, this home combines quiet suburban living with accessibility.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017