42 Summit 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 |
|---|---|---|---|
| Jul 7, 2020 | Sold | ||
| Sold | |||
| May 26, 2020 | Sold | ||
| Sold | |||
| Apr 30, 2020 | No longer available | - | |
| No longer available | |||
| Apr 11, 2020 | Listed by Payne Team LLC | $209,000 | |
| Listed by Payne Team LLC | |||
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Located in Timber Lakes Estates & complete w/ lake rights, rests this beautiful home. Perfectly placed on 5 acres it has a refreshing combination of nature & modern aesthetic. Take your bike out of storage & enjoy a ride on the private roads or spend each weekend exploring the wood-laden grounds. The home stuns w/ a spacious layout. Natural light gives you a bright & uplifting energy, while the large rooms & excellent flow of the home feel quite luxurious. A huge EIK is perfect for any aspiring chef w/ ample counter space & dining area. For more formal occasions, a separate formal dining rm has lovely views of the property & is just the right amount of space. W/ the BRs separate from the entertaining area, there s plenty of rm for privacy. There's an electric garage heater and new asphalt shingle roof (2017) as well. This pristine Lake association is the epitome of Upstate NY style. The sandy bottom makes it perfect for swimming, or a quiet place for a relaxing evening fishing. The manager has listed the unit size as 1944 square feet.
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| Sep 15, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017