1901 Elm Drive
About This Property
This updated home features 1,216 square feet of move-in-ready living space just minutes from the lake. Situated on a fully fenced homesite and including an additional fully fenced lot, the property provides modern updates, extra space and flexibility.
Extensive renovations include new subflooring, updated faux wood flooring, new vinyl flooring in the bathrooms, new carpet, fresh paint throughout, updated wall textures, new interior and exterior doors, new hardware, modern lighting, ceiling fans, residential-style electrical outlets, smoke detectors, and a complete central heating and air conditioning system.
The remodeled kitchen includes updated cabinetry, wood countertops, a stainless-steel sink, new faucet, custom pantry with shelving, bar seating, and a vent hood over the stove. Both bathrooms have been tastefully updated with new vanities, mirrors, toilets, fixtures, and tile-surround showers extending to the ceiling. Additional improvements include updated closet shelving and storage throughout the home.
Outside, you'll find low-maintenance vinyl siding, a durable metal roof, a welcoming front deck and a large covered back patio.
The detached approximately 20x30 garage provides ample parking, storage and workspace, along with a dedicated workshop area. The additional fully fenced lot includes a separate enclosed building that can be used for storage, hobbies, a workshop, studio, home office or future customization.
With plenty of room for boats, trailers, recreational vehicles and other outdoor equipment, this property provides space to enjoy the nearby lake lifestyle while still having room to spread out.
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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 |
|---|---|---|---|
| Sep 22, 2026 | Listed by Beycome Brokerage Realty LLC | $185,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017