54262 SPRING LAKE Drive
About This Property
This charming 3-bedroom, 2-bathroom brick home sits on a spacious 1.12 acre lot in an established neighborhood known for its quiet streets and friendly community. Whether you're looking for room to store your toys, host family gatherings, or simply enjoy peaceful outdoor living, this property has it all.
Major updates include a new roof and HVAC system in 2020, giving you peace of mind for years to come.
With its solid construction, modern updates, and generous outdoor space, this home is move-in ready and waiting for your personal touch. Don't miss the chance to make this Spring Lake Estates gem yours!
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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 |
|---|---|---|---|
| Dec 23, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Listed by VENTURE REALTY CO, LLC | $500,000 | |
| Listed by VENTURE REALTY CO, LLC | |||
| Jul 18, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | Listed by VENTURE REALTY CO, LLC | $525,000 | |
| Listed by VENTURE REALTY CO, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017