71 Summit Street
About This Property
*Multiple Offers** Highest & Best due 8/3 at 2PM**Sitting on a gorgeous dead end street welcomes you to 71 Summit. Enjoy summer with a large in-ground pool that offers plenty of outdoor space for entertaining surrounded by privacy with lush trees and new fencing. This home has a bright and modern kitchen, newly updated, 4 bedrooms on the second floor, basement and attic storage and centrally located to restaurants, shopping, farmers markets and transportation. Call today to meet your dream home! Additional Information: HeatingFuel:Oil Above Ground,
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017