2205 Elk River Drive
About This Property
The inviting living room with fireplace sets the stage for cozy evenings, while the kitchen comes fully equipped with all appliances,
making move-in a breeze. A large privacy-fenced backyard with patio provides the perfect setting for outdoor gatherings, pets, or play.
Practical updates include a new heat pump and roof within the last 4 years, plus an EV charger in the garage, blending efficiency with sustainability.
Located in the desirable Laurel Meadows subdivision, this home combines thoughtful upgrades with everyday convenience-ready for its new Owners!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 13, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Listed by West & Woodall Real Estate - D | $350,000 | |
| Listed by West & Woodall Real Estate - D | |||
| Aug 14, 2020 | Sold | ||
| Sold | |||
| Jul 2, 2020 | Listed by West & Woodall Real Estate - D | $220,000 | |
| Listed by West & Woodall Real Estate - D | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017