3071 SUMMIT DR
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 |
|---|---|---|---|
| Jun 16, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Price Decreased |
$147,000
↓ $3K
(2%) | |
| Price Decreased | |||
| Feb 18, 2025 | Listed by Keller Williams Heritage | $150,000 | |
| Listed by Keller Williams Heritage | |||
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Gorgeous 1.05-Acre Lot in The Summit Subdivision - Your Hill Country Dream Awaits! Discover the perfect setting for your dream home on this stunning 1.05-acre lot in The Summit Subdivision. With breathtaking Hill Country views and a tranquil, picturesque atmosphere, this property offers an unparalleled opportunity to create your ideal sanctuary. Located just minutes from the Guadalupe River, Whitewater Amphitheater, and Canyon Lake, you'll enjoy convenient access to outdoor activities, live music, and dining venues. Whether you love kayaking, hiking, or simply relaxing in nature, adventure is always within reach. This beautifully situated lot is fenced, providing the ideal mix of seclusion and accessibility. With flexible building options and minimal restrictions (no HOA!), you have the freedom to bring your vision to life. Water and electricity are already available at the street, so you're all set to begin building your dream home. Don't miss out on the opportunity to own a piece of the Texas Hill Country! Schedule a visit today to explore the beauty and potential of this exceptional property.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017