1608 Elm
About This Property
Thoughtful upgrades are evident throughout, giving 1608 Elm a fresh, modern yet timeless feel. Major improvements have already been completed, including a brand-new presidential luxury shingle roof and updated HVAC system - offering peace of mind for years to come. Step outside to a private, enclosed backyard designed for both relaxation and gathering. The expansive covered patio creates the perfect setting for hosting friends, enjoying weekend barbecues, or unwinding at the end of the day. Just moments from shopping, dining, great schools, parks, and convenient freeway access. Beautifully finished and truly move-in ready.
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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