2407 Elmwood Trail
About This Property
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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%.
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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 |
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| Mar 17, 2025 | Sold | ||
| Sold | |||
| Feb 6, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Berkshire Hathaway HomeServices Premier Properties | $405,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
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Welcome to 2407 Elmwood Trail, a charming 3-bedroom, 2-bathroom home with an attached two-car garage in the desirable Cane Island community. The family room, bathed in natural light, offers a warm, inviting space that flows seamlessly into the kitchen. The kitchen features granite countertops and a spacious island for gatherings, cooking, or baking. Just off the family room, the open study provides a flexible space for work or leisure. The two secondary bedrooms each come with closet space and share easy access to a nearby bathroom with a shower and tub combo. The primary bedroom boasts built-in shelving, an ensuite with a soaking tub, a glass-enclosed shower, a linen closet, and a generous walk-in closet. The fully fenced backyard offers a covered patio and green space. The home offers a sprinkler system and a water softener system. NEW CARPET, INTERIOR PAINT, and MULCH. Zoned to Katy ISD. Easy access to shopping, dining, I-10 and 99.
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| May 21, 2019 | Sold | ||
| Sold | |||
| Feb 1, 2019 | Listed by Weekley Homes | $304,990 | |
| Listed by Weekley Homes | |||
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NEW DAVID WEEKLEY HOMES! David Weekley Homes presents The Chappelle. This 3 bedroom, 2 bathroom floor plan provides luxury and function. Everyone will love the ample closet space in each bedroom. The open study makes a great home office or family movie theater. Moving around the home is quick and easy thanks to our LifeDesign? features that keep daily life in mind. Enjoy the soft, natural window light from the comfort of the abundant open space in the living area. The kitchen island provides the perfect stage for family breakfasts and a great food station for your next social gathering. We believe you’ll get more out of every day in this beautiful new home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017