21416 Summertrace Circle
About This Property
This beautiful home is Move-in Ready and has been very well cared for. Remodeled Kitchen w/granite countertops, newer appliances, brand new microwave and refrigerator. Extra large pantry with double doors. There is also a side yard that you can access off the family room for an extra eating/patio area. Inside- laundry room w/new dryer. Tile throughout ( tile/grout professional cleaned recently) The Master bedroom has en suite bathroom w/a huge walk in closet & sliding doors leading to the patio. Vaulted ceilings & split bedroom plan open to an oversized backyard w/screened pool & patio. New garage door. Private fenced lot w/no rear neighbors. New paint inside and outside. LOW HOA fee covers common area landscaping, parks, playground, picnic areas,tennis, baseball, soccer, jogging/bike paths, basketball, softball, fishing pier, street lights, security patrol, and more. Top "A" rated school district, fabulous community walking distance to houses of worship, shopping, & restaurants.
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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 Country Landing South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017