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6040 SPRUCE POINT CIRCLE
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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 |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Jul 6, 2026 | Listed by Mark Spain Real Estate | $429,900 | |
| Listed by Mark Spain Real Estate | |||
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Welcome home to this beautifully maintained custom brick residence in one of Port Orange's most desirable neighborhoods. Designed for both comfort and flexibility, this spacious split-bedroom floor plan offers over 2,100 square feet of living space, including a versatile flex room with French doors that is perfect for a home office, guest room, hobby space, or fitness studio. Vaulted ceilings and abundant natural light create an open, airy feel throughout the main living areas, while the updated kitchen features granite countertops, beautiful cabinetry, and a welcoming breakfast area for casual mornings at home. The private primary suite offers a relaxing retreat with a tray ceiling, bay window, dual walk-in closets, and a spacious bath. Step outside to the covered screened lanai overlooking mature landscaping and a beautifully maintained yard. With a side-entry garage, corner lot location, custom features, and pride of ownership throughout, this home delivers the space, quality, and lifestyle today's buyers are searching for.
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| Jul 5, 2026 | Price Decreased |
$429,900
↓ $20K
(4.5%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by MARK SPAIN REAL ESTATE | $450,000 | |
| Listed by MARK SPAIN REAL ESTATE | |||
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About Summer Trees South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017