7851 Spring Hill Street
About This Property
Throughout the home, brand-new waterproof vinyl flooring enhances the space's elegance and durability. Recessed lighting has been added throughout, creating a warm and inviting ambiance. All bathrooms have been completely renovated with brand-new vanities and mirrors featuring front and background lighting for a spa-like experience. The master suite is a true retreat, featuring a loft perfect for a home office or private lounge, a soaring 2-story ceiling, and a luxurious master bathroom. The bathroom showcases a floating vanity, elegant marble tile in the shower, a French bathtub, and impeccable design details.
Outside, the backyard offers a serene escape with a wood deck perfect for relaxation or entertaining guests. Situated in "The Preserve", a peaceful, tree-lined community with parks and abundant amenities, this home also provides access to recreational facilities, a 24-hour fitness center, tennis courts, swimming pools, basketball courts, and multiple parks equipped with playgrounds and picnic areas. This home is the epitome of luxury and convenience, offering a seamless move-in experience and an unparalleled level of comfort.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | Listed by Real Broker | $1,320,000 | |
| Listed by Real Broker | |||
| Dec 31, 2023 | No longer available | - | |
| No longer available | |||
| Nov 16, 2023 | In contract | - | |
| In contract | |||
| Nov 8, 2023 | Relisted | $980,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017