6828 Summit Ridge Drive
About This Property
Inside, you'll find a complete renovation featuring luxury vinyl plank flooring throughout the main living areas and brand new carpet in the bedrooms. The home has fresh paint, all new light fixtures, ceiling fans, and updated hardware, creating a clean, modern look in every room. New cabinets and honed black granite countertops elevate both the kitchen and bathrooms. The kitchen also features a sleek electric cooktop, a modern vent hood, and contemporary finishes that make the space both functional and stylish.
Both bathrooms have been completely redone with new tubs, toilets, sinks, and matching finishes. Additional upgrades include some new energy efficient windows, ALL plumbing has been changed out to PVC, NEW electrical panel, foundation work has been done and a new water heater to ensure comfort and cost savings year round.
The oversized backyard is a true highlight, with a wrought iron fence offering a perfect view of the creek and the surrounding trees. Whether you're enjoying your morning coffee or hosting guests, this private outdoor space is both inviting and serene.
This move in ready home combines thoughtful renovations, modern comfort, and natural beauty. A RARE opportunity in a highly desirable location.
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| May 12, 2025 | Listed by Compass RE Texas, LLC | $298,000 | |
| Listed by Compass RE Texas, LLC | |||
| Oct 28, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Oct 26, 2024 | Relisted | $214,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017