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11994 ELDERBANK Drive
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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 15, 2025 | Sold | ||
| Sold | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Jul 27, 2025 | Listed by FLORIDA HOMES REALTY & MTG LLC | $495,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
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Skip the wait of new construction! Live in style & comfort in this turn-key beauty in the sought-after Wells Creek community! It boasts 5 bedrooms & 3 full bathrooms with a main floor bed & bath, perfect for guests/in-laws. The kitchen is a chef's delight with a gas range, modern quartz countertops, large island, & stainless-steel appliances. Retreat to the owner's suite with tray ceiling, backyard views, & a modern ensuite bathroom with dual sinks & a large walk-in shower. Head outside to a fully fenced backyard with a screened lanai, perfect for relaxing, allowing you to enjoy the Florida breezes at maximum comfort! With tons of natural light, a thoughtfully designed layout, & quality finishes throughout, this home is ready to impress. Additional features include a tankless water heater & recently upgraded landscaping. Take advantage of the resort-style amenities - a saltwater pool, playground, dog park, & plenty of green space - all with NO CDD fee! Hurry, this gem won't last long!
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| Feb 1, 2023 | Sold | ||
| Sold | |||
| Jun 23, 2022 | Listed by MATTAMY REAL ESTATE SERVICES | $499,770 | |
| Listed by MATTAMY REAL ESTATE SERVICES | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017