37 SUMMIT AVE
About This Property
This house has so much potential. All of the exterior work was recently completed by Thompson Creek and carries a 50 yr warranty, including 45 brand new custom, double pane windows, upgraded vinyl siding, gutters.
100% move in ready. Live in the house as you remodel the interior. The yard is flat and backs to trees. The mountain views are awesome and the house sits on a low traffic street.
* oil burner installed in 2008
* water heater installed in 2020
* all radiators work
* original hardwood floors that will come back to life beautifully
* original hardwood doors, decorative trim and hardware is in great shape
* walk up attic is partially finished into living space
* full basement has a toilet room and high ceilings- can be finished into living space
* 10 ft ceilings
SOLD COMPLETELY AS-IS
100% financing is possible for owner occupied buyers
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017