5514 Springton Lane
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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%.
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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 26, 2024 | Sold | ||
| Sold | |||
| Jan 2, 2024 | In contract | - | |
| In contract | |||
| Dec 28, 2023 | Listed by NextHome Realty Center | $375,000 | |
| Listed by NextHome Realty Center | |||
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Multiple offers received, All offers due by Jan31 at noon.Welcome to your NextHome! This updated gem sits on a sprawling 14,300 sq ft lot offering both space and sophistication. The heart of this home is the updated expansive kitchen boasting a double oven, a generous island, and ample storage; perfect for culinary enthusiasts and entertaining alike. The living room is sure to impress with cathedral ceilings, gas fireplace and a custom dry bar with wine storage. A thoughtfully designed study adorned with built-in shelves and cabinets, provide both functionality and aesthetic appeal. Outside you will find a 12x22 covered patio extending your living space outdoors, providing a tranquil retreat for al fresco dining or relaxation. The side yard (on a cul-de-sac) is a rare find offering plenty of space to play or enjoy the southern breeze. Updated inside and out 5514 Springton provides PEX piping, complete A/C system 2020, Roof 2015, Water Heater 2021, 2nd floor unfinished decked storage
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About Terranova West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017