1721 Elmview 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 |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Jan 17, 2023 | Listed by Ambrosi Realty INC. | $1,050,000 | |
| Listed by Ambrosi Realty INC. | |||
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MASSIVE LOT! This property is a builder's dream. Thinking of a place to build, come develop this lot. Located in the heart of Spring Branch, you are minutes away from Memorial City Mall and Hospital. Many local restaurants and parks make this a prime location for developing homes. Several newly developed communities in the area. This property has a large pond dug in the back that has been drained and a garage that has been added. The garage can fit two cars. The property has a home on it that needs to be fully remodeled if it is to be salvaged.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017