138 Elaine Drive
About This Property
From the moment you walk in, you'll feel the warmth. Natural light fills the living spaces, and the renovated kitchen complete with floating shelves and new countertops and cabinets add a fresh, modern touch while still feeling inviting and homey. The layout flows easily, creating spaces perfect for everyday life and gathering with family and friends.
Each bedroom provides comfort and privacy, with a primary suite that feels like a retreat. Every update has been made with care, so you can move right in and start enjoying your new space.
Step outside and you'll see what makes this neighborhood special. Neighbors wave, kids play, and people take evening walks. There's a sense of belonging here--a community that feels peaceful, established, and welcoming. And with Chattanooga just a short drive away, you're close to everything while still enjoying the calm of home.
If you've been looking for a place to settle in--not just a house, but a home--this is it.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017