1256 Elbridge Dr
About This Property
The spacious backyard features custom landscaping and provides ample room for outdoor enjoyment, entertaining, or relaxation. Residents of Independence benefit from metro district amenities including a pool, clubhouse, trails, and parks, along with convenient access to shopping, dining, schools, and everyday services.
This property has an assumable loan with an approximate 2.875% interest rate and an estimated balance of $534,000 with Freedom Mortgage, subject to lender approval. Buyer must qualify with the lender. Loan terms, interest rate, and balance are subject to change. Assumption is not guaranteed. Contact listing agent for additional information.
This home presents an excellent opportunity to enjoy modern construction, community amenities, and the lifestyle Elizabeth has to offer.
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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 |
|---|---|---|---|
| Oct 24, 2025 | Price Decreased |
$635,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Oct 17, 2025 | Price Increased |
$645,000
↑ $100K
(18.4%) | |
| Price Increased | |||
| Oct 17, 2025 | Listed by Coldwell Banker Realty 24 | $545,000 | |
| Listed by Coldwell Banker Realty 24 | |||
| Jul 1, 2025 | No longer available | - | |
| No longer available | |||
| Jun 19, 2025 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017