11174 Elmont Road
About This Property
The grandeur begins with oversized windows that allow for plenty of natural light throughout the home, highlighting the stunning wood floors that add a touch of warmth and sophistication. High ceilings (12' downstairs, 11.5' upstairs) contribute to the sense of openness and space, while walk-in closets provide ample storage options.
The open floor plan is an entertainer's delight, allowing for seamless interactions between various living spaces. The quiet and private setting is ideal for those who value tranquility and solitude without compromising on convenience or accessibility.
Out back, there are two outbuildings with electricity. One is a storage shed/workshop, and the other is a lovely studio space complete with heating and cooling.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 29, 2024 | Sold | ||
| Sold | |||
| Jan 3, 2024 | Listed by The Good Life RVA | $500,000 | |
| Listed by The Good Life RVA | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017