5405 Spear Trail Lane
About This Property
The kitchen offers dark cabinetry, a large island, stainless steel appliances, and a 5-burner gas cooktop. The family room features a fireplace, built-ins, and large windows. The primary suite includes a spa-style bath with dual vanities, a jetted tub, a separate shower, and walk-in closets. Upstairs are three additional bedrooms, a game room, and a media room.
Enjoy community amenities like pools, splash pads, parks, lakes, clubhouses, walking trails, and convenient access to Hwy 288 and Hwy 6.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Dec 29, 2025 | Listed by KTP Realty | $409,000 | |
| Listed by KTP Realty | |||
| Dec 7, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 13, 2025 | Price Decreased |
$419,000
↓ $6K
(1.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017