1162 Elbridge Dr
About This Property
A true standout feature is the expansive full unfinished basement, providing an incredible opportunity to nearly double your living space. Design the space to fit your lifestyle with additional bedrooms, a bathroom, a home gym, media room, or recreation area.
Located in the desirable Independence neighborhood, you'll enjoy fantastic community amenities including a pool, clubhouse, parks, trails, and open space, all while being conveniently located near Parker, Castle Rock, and the Denver metro area.
If you're considering new construction, compare the value this home offers. With fresh interior paint, completed mature landscaping, fencing, window coverings, and move-in-ready finishes already in place, you can skip the extra expense and start enjoying your new home from day one.
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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 |
|---|---|---|---|
| Oct 22, 2026 | In contract | - | |
| In contract | |||
| Oct 5, 2026 | Price Decreased |
$480,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Sep 22, 2026 | Price Decreased |
$499,999
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed | $525,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017