407 SUMMIT HEIGHTS Drive
About This Property
This home is perfect for multi-generational living, with an entire finished apartment in the basement featuring private entrance, full kitchen, stacked w/d, new drop ceiling, new mini split unit, new flooring, living room, bedroom, and closets. Additional storage space and boat door also located in the basement.
Outside you will find ample parking in the driveway and the carport that accommodates a 5th wheel sized camper and boat, or any other recreational vehicles. The back deck is brand new, overlooking the fenced yard where your pets can safely play and you can enjoy peace & privacy.
This home has been lovingly maintained and is ready for a new family to make it their own!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017