1316 SUMMERFIELD DRIVE
About This Property
Major updates provide peace of mind, including a new roof and siding (2023), HVAC (2021), replacement windows (2017), a renovated primary bath (2022), and updated hall bath and powder room (2024). Outside, enjoy a private backyard from the spacious deck, along with an attached two-car garage offering abundant overhead storage. Ideally located near parks, shopping, dining, top-rated schools, and major commuter routes including the Dulles Toll Road, this move-in-ready home offers the perfect combination of comfort, convenience, and lasting value.
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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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$885,000
↓ $14K
(1.6%) | |
| Price Decreased | |||
| Sep 17, 2026 | Listed by Keller Williams Realty | $899,000 | |
| Listed by Keller Williams Realty | |||
| Oct 27, 1997 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017