24 ELM DR
About This Property
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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 |
|---|---|---|---|
| Oct 4, 2019 | Sold | ||
| Sold | |||
| Feb 15, 2019 | Listed by NextHome Lifestyle Realty | $347,500 | |
| Listed by NextHome Lifestyle Realty | |||
| Jan 8, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2018 | Sold | ||
| Sold | |||
| Sep 6, 2018 | Listed | $229,000 | |
| Listed | |||
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Nowhere but NOWHERE can you buy a 5-bedroom home in a Medford lake community for $229,000! HUGE price improvement just announced! This large custom home is on a lovely quiet oversized lot in one of historic Medford's most sought-after lake communities: Oakwood Lakes. The owner discloses up front that the home, coming from being an estate sale, needs some updating such as wallpaper removal, and updating the kitchen, bathrooms and windows. But LOOK AT THE PRICE! A buyer willing to put in a little TLC will be getting a wonderful home with 5 bedrooms, a large eat-in kitchen,gleaming hardwood floors, enormous living and family rooms---the size of home for which one would ordinarily expect to pay $400,000 or more. The garage currently has a wheelchair ramp, which can easily be removed. Oakwood Lakes is like a diamond dropped in the middle of the crown called Medford. Close to shops, schools, and major roads, yet a quiet oasis with lakes and sandy beaches just for Oakwood residents and their guests. Note that the buyer will be required to buy a $1500 Oakwood Lakes membership certificate, and then annual dies are currently $225 ($160 for seniors) which gives you full privileges for swimming, boating, and fishing on the lake. Seller is transferring property in "as is" condition because of the price, but is not aware of any latent defects in the home. The manager has listed the unit size as 2494 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017