18218 SUMMERLIN DRIVE
About This Property
Break in 2026 in Your Beautiful New Home! This stunning 1,467 sq. ft., 3-bedroom, 2-bath home showcases exceptional craftsmanship and modern design - perfectly situated on a gorgeous, flat 0.85-acre lot in the desirable St. James Village Subdivision.
Step inside to an inviting efficient layout featuring luxury vinyl plank flooring, quartz countertops, and stainless-steel appliances! Enjoy tile-surround tubs and showers, ceiling fans, 1x6 baseboards, and so much more. Every detail reflects quality, comfort, and care. The full unfinished basement includes a rough-in for a future bathroom, offering endless potential for expansion - whether it's a recreation room, gym, or guest/in-law suite,etc. (Egress window already in place). All Kellgard homes come with a standard 1 year craftsmanship warranty and an extended 3rd party warranty by 2-10 Home Buyers Warranty This home is nearing completion and will be ready for you to move in by the end of Feb. 2026. Schedule a walk through now with the Builder and see your home come to life!
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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.
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About St. James
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017