440 Summit Drive
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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 |
|---|---|---|---|
| Sep 9, 2021 | Sold | ||
| Sold | |||
| Jul 14, 2021 | Listed by JPAR Fort Worth | $299,000 | |
| Listed by JPAR Fort Worth | |||
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PRICE IMPROVEMENT! You will love this stunning home in the highly desirable area of Richardson’s established Highland Estates. The quality and detail throughout begins as you walk into this 3 bedroom, 2 bath home with richly appointed interiors throughout. The property is equipped with two living areas and an open, spacious floorplan. The sizeable kitchen flows seamlessly into the dining and living rooms perfectly suited for entertaining family and friends. Just minutes from Richardson’s Main Street area which is undergoing major changes make this one a must see! Schedule a showing now! See 3D Tour!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017