357 SUMMERSET Drive
About This Property
The home is structurally sound and ready for its next chapter. With a little imagination and minimal investment, you can unlock its full potential. Priced well below market, this is a rare chance to create your dream home in one of St. John's County's most desirable neighborhoods.
Motivated sellers are ready to work with serious buyers who see the value in this fantastic opportunity. Schedule your showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 21, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Price Decreased |
$899,999
↓ $35K
(3.7%) | |
| Price Decreased | |||
| Aug 5, 2024 | Price Decreased |
$935,000
↓ $64K
(6.4%) | |
| Price Decreased | |||
| Mar 16, 2024 | Listed by COLDWELL BANKER VANGUARD REALTY | $999,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017