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1450 ELSA Drive
About This Property
Welcome to 1450 Elsa Dr, a professionally maintained single family home offering the opportunity for passive income or for the homesteader a perfect blend of modern comfort and practical living in the desirable Conifer Ridge community. This inviting 3-bedroom, 2-bath residence boasts an open layout that seamlessly connects the living, dining, and kitchen areas, creating an ideal space for everyday living and entertaining. The split bedroom floor plan provides excellent privacy. The primary bath is a true retreat, featuring a large soaking tub, separate shower, and plenty of natural light. Additional highlights include a dedicated laundry room for added convenience, a generous 2-car garage with ample storage space, and a relaxing screened-in porch - perfect for enjoying Florida's beautiful weather year-round, whether sipping morning coffee or hosting evening gatherings. Photos before tenant
Seller offering 2.5% closing cost assistance.
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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 |
|---|---|---|---|
| Mar 6, 2026 | Listed by PMI RIVER CITY | $250,000 | |
| Listed by PMI RIVER CITY | |||
| Mar 25, 2025 | Relisted | $265,000 | |
| Relisted | |||
| Sep 19, 2024 | No longer available | - | |
| No longer available | |||
| Aug 19, 2024 | Relisted | $292,000 | |
| Relisted | |||
| Aug 16, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017