3648 S Downs 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 |
|---|---|---|---|
| Oct 24, 2024 | Sold | ||
| Sold | |||
| Sep 20, 2024 | Listed by Coldwell Banker Realty | $489,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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If you're looking for more space to welcome family and friends, don't miss the sizable rooms and open floorplan in this light-filled Dexter Crossing contemporary! An impressive two-story foyer welcomes you inside and into the cozy living room, which could also be a study or formal dining room. At the back of the home, the expansive family room with wood-burning fireplace is open to the adjoining dining area and generous kitchen - a perfect setup for entertaining. A door wall in the dining area leads out to the cedar deck overlooking the community greenspace and walking trails - great for summer parties or watching the kids play in the yard. The chef's kitchen offers plenty of cabinet and granite counter space, plus stainless-steel appliances and an island workspace with breakfast bar for meals on the go. Half bath and laundry/mud room complete the main level. Upstairs you'll find four spacious bedrooms, including the impressive primary suite with a walk-in closet and a private full bath. Three more bedrooms with ample natural light share a second full bath upstairs. The finished basement, with its own half bathroom, walks out to a patio and lounge area under the deck and provides a flexible space that can be used for work, games, or exercise. Many updates during this ownership: new carpet, refinished wood flooring on the main level, sustainable eucalyptus flooring upstairs, granite counters and refrigerator and dishwasher in the kitchen, refinished deck, and added built-in storage throughout. Quick trip to schools, shopping, and dining, with an easy commute to Dexter, Ann Arbor, or beyond via nearby I-94. Enjoy picturesque downtown Dexter and highly regarded Dexter Community Schools. Schedule your showing today!
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jan 13, 2021 | Sold | ||
| Sold | |||
| Nov 12, 2020 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017