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8161 SHALOM DRIVE
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 |
|---|---|---|---|
| Sep 19, 2026 | Price Decreased |
$349,900
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Sep 4, 2026 | Listed by SIRROM REALTY LLC | $359,900 | |
| Listed by SIRROM REALTY LLC | |||
| Jun 30, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| Jun 14, 2026 | Listed by PALLADIUM INVESTMENTS INC | $209,000 | |
| Listed by PALLADIUM INVESTMENTS INC | |||
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Great value-add opportunity in an established Spring Hill neighborhood. This pool home offers strong potential for investors, flippers, or buyers looking to renovate and build equity.
A major improvement has already been completed with a 2024 roof, helping reduce one of the biggest ownership expenses. The property features a functional floor plan, private backyard, and screened pool area ready to be restored to its full potential.
Conveniently located near shopping, dining, medical facilities, and the Gulf Coast's outdoor attractions. With the right updates, this property has the potential to shine.
Cash Only. Sold As-Is. Don't miss this opportunity to own a pool home with upside in a desirable Spring Hill location.
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About Spring Hill
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,100 /mo
- 2 Beds
- 1 Bath
- 1,722 ft²
$2,000 /mo
- 3 Beds
- 2 Baths
- 2,020 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017