16 Summit Ridge Road
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 |
|---|---|---|---|
| Jul 28, 2020 | Sold | ||
| Sold | |||
| May 26, 2020 | Listed by 1st Independent Realty Grp | $314,900 | |
| Listed by 1st Independent Realty Grp | |||
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This well maintained home is located in Town of Newburgh offers 4 bedrooms, 3 full bathrooms. Main level is open to the living room and formal dining room with high ceilings, sliders off dining room to an oversized deck with lots of shade for those hot Summer days , eat in kitchen with stainless steel refrigerator, plenty of counter space and cabinets. Lower level is perfect for a large family or extended family with an additional room which could be used as a 4th bedroom or office, laundry room and family room with sliders leading to a hot tub. Hardwood floors as seen, attached 2 car garage, newer windows and sliders. New hot water heater and master bath redone in 2019. Great commuter location....close to shopping, Schools, Rte 9W, NY State Thruway and 84.
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| May 24, 2005 | Sold | ||
| Sold | |||
| Dec 4, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017