4533 Summerlake CIRCLE
About This Property
Step outside, and you'll discover a backyard that's nothing short of a blank canvas, ready to be transformed into your own private tropical oasis. With pond views off to the side and privacy fencing separating communities, the possibilities are endless. You'll also appreciate the screened-in lanai, offering a shaded and bug-free space to enjoy the outdoors.
But the beauty of this property extends beyond its boundaries. The Forest Creek community is known for its welcoming atmosphere, beautiful landscape, wildlife, miles of walking trails with gazebo stops throughout, an 18-acre lake with fishing pier, and an array of amenities. You'll have access to a clubhouse, billiard room, playground, pool, fitness center, basketball courts, and MORE! Don't forget to bring your fur babies, there are two dog parks for them to mingle and get all of their energy out as well. This property exudes an inviting aura that's perfect for everyday living. Don't miss the opportunity to make it your own and create the retreat of your dreams. Contact us today to schedule a viewing and experience the magic of this haven in person.
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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 26, 2024 | Sold | ||
| Sold | |||
| Jan 18, 2024 | In contract | - | |
| In contract | |||
| Dec 30, 2023 | Price Increased |
$360,000
↑ $5K
(1.4%) | |
| Price Increased | |||
| Nov 25, 2023 | Price Decreased |
$355,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Oct 27, 2023 | Listed by WILLIAM RAVEIS REAL ESTATE | $360,000 | |
| Listed by WILLIAM RAVEIS REAL ESTATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017