148 Summerhill Drive
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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 |
|---|---|---|---|
| Oct 21, 2022 | Sold | ||
| Sold | |||
| Sep 11, 2022 | Listed by Michael Keegan Realty LLC | $349,000 | |
| Listed by Michael Keegan Realty LLC | |||
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Welcome home to a beautifully renovated property. Open, light & airy, highlights all of the new glistening granite throughout the kitchen & baths. New top quality Lifeproof vinyl plank flooring throughout. Ceiling fans & fixtures have been replaced & new hardware installed. The kitchen is a dream with stainless steel appliances, new dishwasher, a farm sink with new fixtures and iced beveled backsplash in the kitchen. Popcorn ceilings have been removed throughout, raised baseboards & premium Behr marquee paint finishes. The bathrooms shine! Incredible master ensuite with separate hydro garden tub & shower. The walkup is warm and inviting flanked by a stone pocket-garden. Two car single entry door garage with opener. New ceiling fans throughout along with new lighting fixtures. This home is ready turn-key. Close to Rockwall's famed Harbor District, neighborhood-tree lined streets & a beautiful park-greenbelt with pathway & playground one block away. Located in Heath HS area.
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| Oct 20, 2020 | Sold | ||
| Sold | |||
| Sep 2, 2020 | Listed by Citiwide Properties Corp. | $235,000 | |
| Listed by Citiwide Properties Corp. | |||
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About Windmill Ridge Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017