7421 Springer 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 |
|---|---|---|---|
| Jan 20, 2021 | Sold | ||
| Sold | |||
| Nov 24, 2020 | Listed by Go Flat Fee | $535,000 | |
| Listed by Go Flat Fee | |||
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Absolutely beautiful new construction home in the highly desirable Bryson Springs Subdivision sitting on just over an acre. Lovely living area including built-in electric fireplace surrounded by stonework with crown molding & attractive beams adorning the ceiling. Kitchen boasts massive custom cabinets reaching to the ceiling, granite counter tops with spacious island & double oven! Loads of energy-efficient features through the home including 16 seer HVAC, double pane Low-E windows, Energy Star appliances, & radiant barrier. And don't forget the 3 car garage. Midlothian is a wonderful town to raise a family. Come see this home today...you'll be glad you did!
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About Ellis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017