5208 Summit View Drive
About This Property
Step into the backyard which includes a beautifully designed oversized flagstone patio, ornamental and fruit trees and a stout board on board privacy fence perfect for extending time at home and giving you and your family a private spot to sit back, relax and enjoy the outdoors. Some of the best community features around, with this neighborhood offering community pools, a great sized fishing lake with covered pier, hike and bike trails, and playground and tons of greenspace to soak in the outdoors. Its like your own private State park just for the community. Conveniently located within minutes of Baylor Scott and White hospital, Costco, lots of shopping, and all the wonderful growth this section of McKinney Offers.
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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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Aug 30, 2025 | Price Decreased |
$360,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Aug 13, 2025 | Price Decreased |
$369,900
↓ $9K
(2.4%) | |
| Price Decreased | |||
| Jul 19, 2025 | Price Decreased |
$379,000
↓ $20K
(5%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017