5714 Spanish Flat
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 |
|---|---|---|---|
| Feb 21, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 18, 2025 | Price Decreased |
$179,900
↓ $5K
(2.7%) | |
| Price Decreased | |||
| Feb 10, 2025 | Listed by PPMG of Texas, LLC | $184,900 | |
| Listed by PPMG of Texas, LLC | |||
| | |||
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Ready for a little DIY repair for a house under market value? This house just needs a little updating, cleaning, and refreshing to bring it back to life. Ideal for DIY homeowners who are not afraid of a little sweat equity or investors looking for their next buy-and-hold. It will make a great investment property. Sellers are investors and have never seen the property. The property is priced below market to reflect needed updates. Utilities have been requested. Buyers to perform their due diligence. Sold AS-IS. The seller will not make repairs.
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| Apr 30, 2014 | Sold | ||
| Sold | |||
| Oct 19, 2012 | Listed by Realty Advantage | $134,322 | |
| Listed by Realty Advantage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017