16478 Sun Summit Drive
About This Property
Can we say, I've saved the best for last. Let's go into the backyard. Say it with me. "An entertainer's Dream, an Oasis Paradise. Get ready football fans, you can close escrow, just in time for the NFL and College Football season. So much to truly put into words, but I'll give it a shot. Built in Outdoor BBQ, Tiki Bar, Fridge stocked with your beverage of choice, dual mounted TVs to watch your favorite shows, beautifully landscaped with mature palm trees, patio cover, water fountain, lush green grass with automatic sprinkler system, 3 car garage, and mountain views. I can go on and on and on. Schedule an appointment and discover the loveliness, the splendor, and the magnificence for yourself. One thing I know, this property will not last.
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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 |
|---|---|---|---|
| Feb 5, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | Listed by CALIFORNIA 5 STAR REALTY | $845,000 | |
| Listed by CALIFORNIA 5 STAR REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017