1131 Elm Tree Lane
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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%.
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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.
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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 |
|---|---|---|---|
| Jul 23, 2022 | No longer available | - | |
| No longer available | |||
| Jul 2, 2022 | In contract | - | |
| In contract | |||
| Jun 21, 2022 | Relisted | $1,299,000 | |
| Relisted | |||
| Jun 8, 2022 | In contract | - | |
| In contract | |||
| Jun 3, 2022 | Listed by BHGRE Brush & Associates | $1,299,000 | |
| Listed by BHGRE Brush & Associates | |||
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Custom gated private oasis nestled in the quiet hills of San Marcos. This 1-story 4bd, 2ba home sits atop nearly an acre of usable property w/ stunning panoramic views & offers a 48-panel solar system w/ 3-Tesla batteries! Property is an entertainer's delight w/ a massive deck & covered pergola to take full advantage of panoramic views & highlight the large saltwater pool. Open concept w/ hardwood floors, fresh paint, crown molding, large rooms for entertaining & a stone fireplace. Natural light floods the newly renovated kitchen highlighting quartz counters, open shelving, & windows that look out to the rear patio w/ recently installed pavers, hanging lights & mature landscaping. The primary suite features an upgraded bathroom w/ its own access to the private back patio. The secondary bathroom is picture perfect with new vanity and shiplap walls. The added 4th garage has been finished and would be perfect for an office or additional storage. Plenty of room for RV/Boat parking (including a pad inside the fencing near the street), an ADU addition (ask agent for details), climbing in your tree house, planting trees, and so on. Convenient location near local schools, parks, transportation & the Twin Oaks Golf Course. The manager has listed the unit size as 2052 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017