440 E Summer Grove 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 |
|---|---|---|---|
| Dec 4, 2023 | Sold | ||
| Sold | |||
| Oct 19, 2023 | Listed by RE/MAX Saugatuck-Douglas | $469,000 | |
| Listed by RE/MAX Saugatuck-Douglas | |||
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Lightly used 5 bedroom detached condo in the quaint development of Summer Grove in Douglas and a short distance from Lake Michigan and the resort town of Saugatuck. Bright open and spacious great room with fully equipped kitchen. 3 bedrooms up with a large primary suite and extra large walk-in closet. The lower level has many windows with a great family room and 2 additional bedrooms. The Association pool is just one house away.
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| Sep 27, 2023 | Sold | ||
| Sold | |||
| Aug 17, 2023 | Listed by Allen Edwin Realty LLC | $455,000 | |
| Listed by Allen Edwin Realty LLC | |||
| Sep 18, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017