3302 Sumac Drive
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 |
|---|---|---|---|
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Feb 9, 2025 | Price Decreased |
$235,000
↓ $15K
(6%) | |
| Price Decreased | |||
| Nov 18, 2024 | Price Decreased |
$250,000
↓ $5K
(2%) | |
| Price Decreased | |||
| Oct 17, 2024 | Price Increased |
$255,000
↑ $20K
(8.5%) | |
| Price Increased | |||
| Aug 28, 2024 | Listed by All City Real Estate Ltd. Co. | $235,000 | |
| Listed by All City Real Estate Ltd. Co. | |||
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Like new home built in 2022 just outside the historic town of Granbury. This home boasts gorgeous granite countertops, modern fixtures, and an open concept. The white cabinets and wood look tile add to the beauty of this kitchen. While in the primary retreat please be sure to open the master closet. It is huge! The location is perfect for those wanting to be near the lake or head to the town square. This lovely home is move in ready for its next owner. Appliances included. Seller will pay $5k toward buyers closing costs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017