4502 Summits Edge Lane
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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 |
|---|---|---|---|
| Feb 9, 2024 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by Realty Vip Connections | $700,000 | |
| Listed by Realty Vip Connections | |||
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Stunning Custom home in the Bayou Oaks subdivision. Grand 2-story entry, curved wood staircase & showcase piano vestibule w/ custom faux columns. Beautiful slate, wood, & carpet flooring thru out. Formal dining/living/study. Kitchen is a dream w/granite, stainless appliances. Master is incredible w/ large jetted tub, carwash-style shower & closet w/ many built in's. 3 up & extra hidden room w/ tunnel-5th bedroom. Pool & large screen-in patio. Generac Generator, laundry shoot, automatic iron gate. NEW ROOF installed 7/10, warranty transferable. Never flooded. Motivated seller, priced to sell.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017