716 Springfield Road
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 |
|---|---|---|---|
| Nov 5, 2018 | Sold | ||
| Sold | |||
| Oct 29, 2018 | No longer available | - | |
| No longer available | |||
| Oct 2, 2018 | Listed by Century 21 AllPoints Realty | $210,000 | |
| Listed by Century 21 AllPoints Realty | |||
| | |||
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The value is in the land here! 12 Acres with 1902 ft of road frontage on Springfield and Stafford Rd. Currently many acres used as farmland. Also potential for a great horse property. Sellers are looking for an "as is" cash deal. House most likely will not sell with a conventional loan.
| |||
| Sep 29, 2018 | Price Decreased |
$229,900
↓ $40K
(14.8%) | |
| Price Decreased | |||
| Sep 22, 2018 | Price Decreased |
$269,900
↓ $15K
(5.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017