7386 Springbrook Drive
About This Property
Just steps to the Lake! ~Welcome home to 7386 Springbrook~ This move in ready home features 3 bedrooms and 1 bath with gorgeous lake views of all sports Big Wolf Lake. This home also has lake access and a boat dock slip oppurtunity right across the street! This home has all new paint and flooring and is ready for you to call it home! New Furnace (2024), Central Air (2024), Electrical updated (2024) Appliance package included.
Big Wolf Lake is part of a chain of 9 lakes and is 376 acres. It is an All sports lake with 3 different boat launches. It has a popular Sand Bar that is great for swimming and anchoring your boat for a day of fun in the sun. Community Park and Yacht Club on the lake. The lake is also known for some great fishing.
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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 |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 30, 2024 | Relisted | $160,000 | |
| Relisted | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| Jun 14, 2024 | Listed by Century 21 Affiliated - Jackson | $160,000 | |
| Listed by Century 21 Affiliated - Jackson | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017