8311 Summer Reef Drive
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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%.
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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 |
|---|---|---|---|
| Oct 15, 2024 | Sold | ||
| Sold | |||
| Sep 4, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by Better Homes and Gardens Real Estate Gary Greene - Woodway | $345,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Woodway | |||
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Fantastic two-story, 4/2.5 home nestled on a tree-lined street in Copper Lakes. Complete with a formal Dining Room, upstairs Gameroom, and first-floor Primary Bedroom. *Freshly painted interior and exterior (August 2024) with crown molding, high ceilings, granite countertops, and ceiling fans throughout. Fabulous Backyard with Pergola. Covered Patio backs up to a greenbelt with no back neighbors! *New fence, attic door and carpet cleaned in 2024. New plank flooring, refrigerator and carpet in 2021 (*all per seller.) Easy access to Hwy. 290, Grand Parkway and Beltway. Close to shopping, restaurants, and hospitals. Zoned to highly acclaimed CFISD.
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| May 27, 2020 | Sold | ||
| Sold | |||
| Apr 22, 2020 | Listed by BHGRE Gary Greene | $232,000 | |
| Listed by BHGRE Gary Greene | |||
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Nestled on a tree lined street in the beautiful Copper Lakes community, your new home awaits! This 2 story, 4 bedroom, 2.5 bathroom home is ready for you, complete with a formal dining room and upstairs gameroom. Crown molding, high ceilings, granite countertops. Ceiling fans throughout. New laminate flooring (2019), new interior paint throughout (2019), new water heater (2019), sprinkler system. Great backyard with Pergola covered patio backs up to greenbelt. No back neighbors! Easy access to Hwy. 290, Grand Parkway and Beltway. Close to shopping, restaurants and hospitals. Zoned to highly acclaimed CFISD.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017