9631 Springmont 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 |
|---|---|---|---|
| Jun 16, 2021 | Sold | ||
| Sold | |||
| May 7, 2021 | Listed by Keller Williams Signature | $325,000 | |
| Listed by Keller Williams Signature | |||
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Welcome to 9631 Springmont! Nestled in Spring Branch, this ranch home has been lovingly cared for and the pride of ownership shows. Living room features a cathedral ceiling with exposed beams and a brick fireplace. The open kitchen remodel includes custom Thomasville cabinetry with cherry wood and glass inserts. The unique granite pattern of the kitchen counters also matches both of the counters in the remodeled bathrooms. All bedrooms also have generous closets and plantation shutters. The formal dining room and office space both have plantation shutters and hickory wood flooring overlooking the front flagstone patio. A large covered patio looks out over an expansive working garden in the backyard. Located close to I-10, BW8, and 290, this outstanding location provides the best of Spring Branch and proximity to City Center. Only a short distance to Terry Hershey Park and close to all the culinary action on Long Point, don’t miss your opportunity to own this Spring Branch jewel!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017