5118 Summit Lodge 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 |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | No longer available | - | |
| No longer available | |||
| Aug 15, 2024 | Listed by B & W Realty Group LLC | $255,000 | |
| Listed by B & W Realty Group LLC | |||
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This delightful single-story home showcases a welcoming front porch shaded by trees and a pleasant side yard. Inside, you’ll find modern tile flooring throughout the main living areas, a study with double doors, and a formal living and dining space. The den features a cozy gaslog fireplace, and there’s a bright breakfast area. The kitchen includes a convenient breakfast bar. The master bedroom suite is thoughtfully separated from the other bedrooms and offers easy access to the utility room, a whirlpool tub, and a separate shower. The roof was replaced in 2020, and both the AC and water heater were serviced in 2024. Conveniently located near TX-99, I-10, Bear Creek Park, and other amenities in the Katy area!
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| Aug 11, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017