7637 Springfield Lake Drive
About This Property
BEING SOLD AS-IS, NO REPAIRS. NO LEASE FIRST YEAR OF OWNERSHIP. Lakefront, 3/2.1 Single Family home in desirable Lake Charleston. House has tile floors, tile countertops with backsplash, snack countertop and pantry with open floor plan. Very close to shopping and A+ schools!
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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%.
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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 |
|---|---|---|---|
| Apr 15, 2024 | Sold | ||
| Sold | |||
| Feb 18, 2024 | Listed by Illustrated Properties LLC (Ri | $489,900 | |
| Listed by Illustrated Properties LLC (Ri | |||
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Stunning wide lake views from this adorable 3/2.5 single family home! NEW ROOF 2023! New luxury plank flooring (waterproof), freshly painted, new bathroom vanities. The kitchen boasts Cherry butcher block counters, subway tile backsplash, wood cabinets & a top of the line stainless LG refrigerator! There is a half bath downstairs, three good sized bedrooms upstairs - the primary has double doors and a tray ceiling plus walk in closet. The family and dining areas overlook the screened patio with access to the lake and your own little ''beach'' where you can enjoy fishing and small recreational boating! The laundry facilities (washer/dryer) are conveniently located upstairs by the bedrooms. The 2 car garage has ample storage space plus the driveway accommodates another 2 vehicles. Low HOA fees. This is the perfect opportunity to buy an affordable ''waterfront'' property!
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| Apr 18, 2023 | Sold | ||
| Sold | |||
| Mar 13, 2023 | Listed by Medalian Real Estate & Investm | $394,900 | |
| Listed by Medalian Real Estate & Investm | |||
| Oct 21, 2014 | Sold | ||
| Sold | |||
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About Lake Charleston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017