21 Summer Ave
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 25, 2024 | Sold | ||
| Sold | |||
| Jun 10, 2024 | Listed by Aluxety | $649,900 | |
| Listed by Aluxety | |||
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Welcome to the highly desirable West Side neighborhood of Reading! This appealing raised ranch offers 2 spacious bedrooms with a full bathroom on the main living level, featuring hardwood floors throughout. Enjoy the tranquil four-season sunroom looking onto a peaceful, private, and wooded backyard. The first floor boasts a generous den, a versatile room perfect for a home office, and a convenient 3/4 bath. This property is ideally situated near routes 93 and 128/95, with the commuter rail to Boston just a few miles away, blending suburban tranquility with effortless urban access. The home also includes a 1 car garage. Needed updates and renovations will make this home shine.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017