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2406 ELBOW Road
About This Property
This home is ready for a new owner to bring their vision to life. While it could benefit from some TLC and cosmetic updates, it presents an incredible opportunity to build equity and customize the home to your personal style.
Conveniently located just minutes from restaurants, shopping, schools, hospitals, and major roadways, you'll enjoy the perfect balance of space, privacy, and everyday convenience.
Whether you're a first-time homebuyer, an investor, or someone looking for a property with endless potential in a prime location. Bring your creativity and make this house your own! No sight-unseen offers will be accepted.
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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 3, 2026 | Sold | ||
| Sold | |||
| Jul 30, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by EXP REALTY LLC | $349,900 | |
| Listed by EXP REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017