31318 Summit Grove Lane
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 3, 2020 | Sold | ||
| Sold | |||
| Oct 2, 2020 | Listed by Pryor Properties | $474,200 | |
| Listed by Pryor Properties | |||
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Rare floor plan, not previously built in this subdivision with Upstairs Bonus Room approx 700 sq feet with private full bathroom for media room, entertainment. 4000 sq feet, 4 bathrooms; 5 bedrooms. No neighbors on the back or side due to greenbelt walkway. Gorgeous, meticulously taken care of open floor plan with gorgeous open kitchen, Coffee Bar area, lots and lots of cabinets. Outdoor Kitchen ready with gas to the grill. Relaxing large patio area, landscaped yard, garden, a favorite place for relaxing. Inside gorgeous granite, wood flooring, office with French Doors. Office can be used too as a Formal Living Room with bay window looking out front. Custom built fireplace mantel highlights crown molding throughout. The floor plan is outstanding for privacy! The primary bedroom and Spa type bathroom is a true 'RETREAT' with windows, sep shower, jet tub, suite runs the length of the home from back to front, windows overlooking backyard, large walk in closet you will fall in love with.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017