7404 Summerland COVE
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 |
|---|---|---|---|
| May 9, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | No longer available | - | |
| No longer available | |||
| Mar 16, 2023 | Listed by ROVI | $1,069,000 | |
| Listed by ROVI | |||
| Feb 3, 2023 | Listed by Flat Fee MLS Realty | $1,069,000 | |
| Listed by Flat Fee MLS Realty | |||
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This beautiful newly built home is located in the Del Webb community in Lakewood Ranch. As one of Del Webb’s largest homes on a fabulous lot, it has a spacious upstairs living area which includes a bedroom suite. The house is built on a wide lot with a long lake view in the back and an unobstructed lake view in the front of the house. Extras are too numerous to mention. Has an extended oversized 2 car garage. Immediate occupancy available. Available for showing any timeWhat the seller loves about this homeThis home features a private owner’s suite, versatile flex space and covered lanai for outdoor entertaining. It’s also located in a top master planned community and has a full time Lifestyle Director with resort style amenities. The manager has listed the unit size as 3000 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017