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1608 SUMMERDOWN Way
About This Property
living space, perfect for a growing family seeking a quality gated community located within walking, biking distance to daycare centers, grocery stores, gas stations, schools and a short driving distance to I-95 & I-295. Julington Creek Plantation offers state of the art, reasonably priced gyms, pools, parks, bike paths, churches, restaurants, public library, walking paths, an 18 hole golf course and some of the top 10 A-rated schools. Full stucco exterior, professionally landscaped yard wired for lighting, ornate and oversized decorative lead glass entry door, two car garage,
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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.
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About Fruit Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017