7112 BONNIEMILL LANE
About This Property
This move-in ready gem in Springfield offers major upgrades inside and out. Features include a new roof, windows, doors, and insulated siding (2020), plus drainage improvements for lasting peace of mind. Enjoy a Bosch fridge (2020), blown-in attic and garage insulation (2021), and a heated/cooled garage with 240V panel-ideal for tools or EV charging. The powered Amish-built shed adds storage or workspace versatility.
Fresh paint, power-washed exterior, and a newly painted deck complete this meticulously maintained home in a welcoming community.
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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.
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About Springfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017