936 SUMMER LAKES DRIVE
About This Property
The owner's retreat, conveniently located on the main floor, offers easy access to the screened-in pool area-perfect for relaxing after a long day. Notable updates include a new roof in 2018, a replaced septic tank in 2019, a new drainfield in 2024, a new water heater in 2022, a new air conditioner in 2022, and a freshly resodded front yard, providing peace of mind and long-term value.
Residents of Summer Lakes enjoy fantastic community amenities, including volleyball courts, tennis courts, a playground, and direct access to Lake Hiawassee-ideal for those who love outdoor activities. The property also benefits from easy access to major highways like the Florida Turnpike and SR-408, making commuting a breeze, while top-rated schools, shopping, dining, and entertainment are just minutes away.
This home offers the perfect combination of comfort, convenience, and outdoor living-don't miss out on this incredible opportunity!
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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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Aug 15, 2025 | Price Decreased |
$475,000
↓ $8K
(1.7%) | |
| Price Decreased | |||
| Jul 31, 2025 | Price Decreased |
$483,000
↓ $5K
(1%) | |
| Price Decreased | |||
| May 23, 2025 | Price Decreased |
$488,000
↓ $2K
(0.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017