6944 SPELMAN DRIVE
About This Property
The walk-out lower level serves as the true heart of the home, featuring a large family room with perfect sightlines, a cozy gas fireplace, and direct sliding glass door access to outdoor living areas. A fourth bedroom and a fully updated third bath (2026) create an ideal, private setup for guests or an au-pair suite.
This home offers incredible peace of mind and a truly move-in-ready experience, backed by an extensive list of top-to-bottom investments:
2026 UPDATES: Gorgeous new flooring (2026), beautifully remodeled main and secondary baths (2026), fresh interior paint (2026), a new water heater (2026), and comprehensive air duct cleaning (2026).
2025 UPDATES: Paved driveway (2025), refreshed landscaping and facade (2025), new light fixtures (2025), enhanced insulation (2025), electrical outlet updates (2025), a modern security system (2025), professional chimney service (2025), and attic maintenance (2025).
2024 UPDATES: Protective gutter guards (2024) and a whole-house water filter (2024). Additional Key Upgrades: Energy-efficient windows (2021), washer (2021), microwave (2021), kitchen remodel (2019), HVAC system (2018), refrigerator (2018), carpets (2017), stove (2015), oven (2015), dishwasher (2015), dryer (2012), and an architectural shingle roof (2008).
Beyond the property lines, you will enjoy a vibrant community lifestyle with absolutely no HOA fees. Students can safely walk to the highly sought-after Orange Hunt Elementary within the West Springfield High School pyramid. Commuting and daily errands are incredibly simple with minutes-away access to Trader Joe's, Whole Foods, Springfield Plaza, diverse dining options, and major highways. For outdoor enthusiasts, the Huntsman Lake trails, Hidden Pond Nature Center, multiple community pools, and South Run Rec Center offer endless ways to stay active all year round. Don't wait!
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017