5620 Springbrook Drive
About This Property
A LITTLE PIECE OF HEAVEN! You will fall in love with this beautiful property! Home has been meticulously cared for. Located in a quiet, country neighborhood on over an acre. Property offers an in-ground, gunite pool nestled amoung giant pecan trees and backs up to a small, heavily wooded creek. There is a well lit, 20X20 covered back patio. Several updates throughout the home: kitchen includes custom cabinets, granite countertops, and decorative lighting; several new windows from Renewal by Anderson throughout; crown molding, custom tray ceilings, cedar beams in dining room and Master Bedroom, custom vanity's in both bathrooms, new shower in guest bath, custom mahogany front door, upgraded electrical system, blown in insulation and radiant barrier; new outdoor paint; roof replaced 2015; outside AC unit replaced 2018; 2nd garage used as workshop and has 220 electricity and 30 amp for RV Hook up
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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 |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 18, 2022 | Listed by Century 21 Judge Fite Co. | $475,000 | |
| Listed by Century 21 Judge Fite Co. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017