9 SUMMIT 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 |
|---|---|---|---|
| Jun 25, 2014 | Sold | ||
| Sold | |||
| Feb 28, 2014 | Listed by BHG Rand Realty | $344,900 | |
| Listed by BHG Rand Realty | |||
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Great value in this extended home!!! 5 Bedrooms and 3 Full Baths in this L-Shaped ranch with lots of special features. Perfect as a mother/daughter set up or home office. Finished basement has kitchen, bedroom and full bath. House is all freshly painted with Hard wood floors throughout , ceiling fans in most every room, young roof and new stone wall, front steps and driveway. Beautiful screened porch off the master suite plus a deck, all overlooking flat 1/2 acre with Koi ponds. Unique opportunity for the smart buyer. Come see it for yourself!!
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About New City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017