16220 Summershade Drive
About This Property
The remodeled kitchen, featuring sleek modern finishes, flows effortlessly into the family room, making it ideal for both entertaining and everyday family gatherings. Recent upgrades include a new roof installed approximately 4 years ago, upgraded windows, and an updated electrical panel, along with the convenience of a water softener system. The swimming pool has a new pool heater pump and skimmer.
The primary bedroom boasts its own en suite bathroom, complete with a newly remodeled walk-in shower. Step outside to your private backyard oasis, where a sparkling pool and jacuzzi await, surrounded by lush landscaping and a gentle slope that enhances both beauty and privacy. There is also a small office off of the dining room. You'll love what you see when you tour this home in one of the most sought-after neighborhoods in town.
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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 |
|---|---|---|---|
| Nov 6, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $989,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 25, 2024 | Listed by Compass | $989,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017