2303 Elmgate 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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 9, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | No longer available | - | |
| No longer available | |||
| Oct 22, 2024 | Listed by Greenwood King Properties - Voss Office | $449,000 | |
| Listed by Greenwood King Properties - Voss Office | |||
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Perfectly set back on beautiful lot, you’ll find this charming 4 bed, 3 bath home in Spring Shadows. Recently renovated open floorplan, this home provides an abundance of light & improvements. As you enter the home, you come to a large space which is currently used as living room & dining room. However, flip the two spaces for an exceptional grand dining room or office space. The choice is yours! The family room includes gas log fireplace & opens perfectly to the renovated kitchen. Kitchen boasts quartz countertops, soft closing cabinets & drawers, SS gas range & appliances and walk-in pantry. Down is a full bath w/shower! Up you will find the primary bedroom with walk-in closet & renovated en-suite bath which includes quartz countertops. Three more nice sized beds & renovated secondary bathroom includes shower/tub combo. Gather on the covered back patio which overlooks the beautiful fenced backyard! All new luxury vinyl flooring throughout in October of 2024! All info per Seller.
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| Oct 17, 2024 | Withdrawn | - | |
| Withdrawn | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017