7503 Simpson Springs Lane
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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 27, 2022 | Sold | ||
| Sold | |||
| Jun 3, 2022 | Listed by eXp Realty, LLC | $436,000 | |
| Listed by eXp Realty, LLC | |||
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Charming two story home nested on quiet cul-de-sac street in gated community! Warm and inviting entry opens to flex office space with beautiful wood flooring and designer lighting, accents, & paint throughout. New roof installed in 2021, upgrades throughout. Open concept Living and dining room perfect for easy family living & entertaining. Featuring Cozy fireplace, walls of windows w/ beautiful private backyard with views and no rear neighbors. High ceilings. Spacious island kitchen features tons of counter and cabinet space, stainless appliances and upgraded beautiful tile backsplash. Large private owners retreat with walk in closet & spa bath down with 3 spacious secondary bedrooms & large game room up! Gorgeous backyard features a large covered patio, lush landscaping & privacy fenced. Gated community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017