8517 Saffron 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%.
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 |
|---|---|---|---|
| Nov 13, 2023 | Sold | ||
| Sold | |||
| Jun 10, 2023 | Listed by TDT Realtors | $299,900 | |
| Listed by TDT Realtors | |||
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Beautifully updated home with an amazing layout. LVP flooring throughout, Granite counters in kitchen and both bathrooms, stainless steel appliances, Move-in ready, secondary bedrooms are split at the front of the home and share a bath, Large living area with corner fireplace, high ceilings which leads to the formal dining area which could be a formal dining, home office or 2nd living. Kitchen had LOTS of storage and a breakfast bar that opens to the living area. Owners retreat is spacious with an updated ensuite bath with dual sinks, relaxing garden tub and spacious shower. Summer creek HOA offers Community Pool, park area, and club house.
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About Summer Creek Ranch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017