1108 Elbury Drive
About This Property
Hardwood and ceramic tile floors flow throughout the main living areas, complementing the open floor plan and soaring vaulted ceilings in the family room that create a bright, airy feel. The main-level office provides a dedicated workspace, while the spacious living areas are ideal for everyday living and entertaining.
The former screened porch has been converted into a sunroom/sitting area with its own separate heating and air system, offering year-round enjoyment and beautiful views of the private backyard. Situated on a quiet cul-de-sac lot, the property features a deep backyard thanks to the underground utility easement and is framed by mature trees for added privacy and natural beauty. Enjoy morning coffee or evening relaxation on the inviting full-length front porch.
Additional highlights include fiber cement siding, a storage loft in the garage, and a tall crawlspace perfect for yard tools and extra storage. Proudly owned by the original owners, this home reflects exceptional care and pride of ownership.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017