3417 Summit Trails 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 |
|---|---|---|---|
| Dec 16, 2022 | Sold | ||
| Sold | |||
| May 19, 2022 | Listed by Century 21 MVP | $2,199,990 | |
| Listed by Century 21 MVP | |||
| May 19, 2021 | Sold | ||
| Sold | |||
| Mar 17, 2021 | Listed by United Real Estate Solutions | $1,695,000 | |
| Listed by United Real Estate Solutions | |||
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Enjoy a luxury 4 bedroom 6 bath overnight rental in The Summit subdivision. Built-in 2019 this cabin offers lots of space with vault ceilings, an open floor plan, large bedrooms, and a game area. The kitchen and island both have granite counters. Stainless appliances and large cabinets adorn the kitchen. Seating for 24 in the dining and kitchen area. The living room has a large flat-screen TV mounted to a stone accent wall. The open floor plan boasts a 32 x 23 foot living area. A vault ceil that goes to 21 feet at the peak. Large windows draw your eyes to the view of the Smoky Mountains and the deck. The large master bedroom ( 16x14 )is on the main floor. The adjacent bath is 10x7.with a walk-in tile shower. Upstairs features a bunkhouse room and another large bedroom that look out to the mountains. each has its own bath. Downstairs takes you to the entertainment area with a pool table, 2 electronic arcade games, and a flat-screen TV. You look out into the indoor pool and the view of the mountains. Out the pool area is another deck with a hot tub. There is one more large bedroom with a private bath. It has a state-of-the-art fire suppression system rated at 13R. The outside displays custom landscaping and a circular paved drive for hard-to-park vehicles. Currently on a rental program producing over $150,000 its first year.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017