5502 Summerfield 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 |
|---|---|---|---|
| Mar 30, 2022 | Sold | ||
| Sold | |||
| Feb 25, 2022 | Listed by RE/MAX The Woodlands & Spring | $319,900 | |
| Listed by RE/MAX The Woodlands & Spring | |||
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Great way to start the New Year in this wonderful 4 Bedrooms 3 1/2 bath home located on a large corner lot in Terranova West. Large den with built-ins, high ceiling, gas fireplace, and wet bar. Formal Dining, Kitchen with quartz counters, tile back-splash, inlay sink. Oversize first-floor Primary bedroom with sitting area. Wood-like tile through the downstairs. Upstairs game room with 3 secondary rooms one with full bath. Full sprinkler system 3-car detached garage, 18x12 covered patio. Roof June 2016, Water Softener Feb 2017, Full gutters June 2017, Downstairs flooring April 2017, All double pane Lifetime windows replaced 13 in August of 2017 & 16 in April 2019. A/C ductwork and coil July 2021.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017