5508 Spruce Drive
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 |
|---|---|---|---|
| Apr 1, 2025 | Listed | $330,000 | |
| Listed | |||
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Discover this beautiful, spacious home nestled on a large lot, offering comfort and tranquility. This residence is ideal for families and entertaining guests. It has three inviting bedrooms and two well-appointed bathrooms. Step outside onto the expansive wood deck, where you can unwind while overlooking lush vegetation and majestic trees, creating a serene backdrop for relaxation and gatherings. Inside, the home features stylish ceramic and vinyl floors that enhance its charm, complemented by a cozy kitchen that beckons culinary creativity. High ceilings throughout the living spaces add to the airy feel, making this property a true sanctuary to call home.
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| Mar 8, 2023 | Sold | ||
| Sold | |||
| Jul 21, 2022 | Listed by Vero Realty Advisors LLC | $230,000 | |
| Listed by Vero Realty Advisors LLC | |||
| May 25, 2018 | Sold | ||
| Sold | |||
| Mar 31, 2018 | Sold | ||
| Sold | |||
Property Highlights
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About Indian River Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017