279 Westhampton Drive
About This Property
2024 Parade of Homes Entry.
This is a new home community with country estate living, while located close to many of the Triangle-area's top destinations. With homesites ranging from one-acre to just under seven-acres and an elevation peak rising 600-feet above the community gas lit entrance, Summit offers a land plan that allows its homes to be gently stair-stepped into the mountainside for stunning views.
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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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Apr 22, 2024 | Listed by Windjam Properties | $2,750,000 | |
| Listed by Windjam Properties | |||
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One Story Luxury Living By Sage Built
2024 Parade of Homes Entry.
This is a new home community with country estate living, while located close to many of the Triangle-area's top destinations. With homesites ranging from one-acre to just under seven-acres and an elevation peak rising 600-feet above the community gas lit entrance, Summit offers a land plan that allows its homes to be gently stair-stepped into the mountainside for stunning views.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017