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2541 ELBOW Road
About This Property
Lovingly maintained by the same family for generations, this move-in-ready 3-bedroom, 2-bath home is located in a neighborhood that truly feels like a community.
Filled with natural light, the home feels bright and airy throughout. Between 2017 and 2020, the home underwent extensive updates, including a fully renovated kitchen and bathrooms, refinished hardwood floors, custom closet systems, interior and exterior painting, fencing, gutters, professional landscaping, and a water heater replacement. A new roof installed in December 2024 offers added peace of mind. The fenced backyard features a paver patio and a beautiful mature oak tree. Additional features include a rear-entry garage, extra parking for vehicles, a small boat or trailer, well water for irrigation, security system wiring, and a transfer switch for portable generator hookup. CLOSE TO NAS JAX. NO HOA OR CDD FEES.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Sold | ||
| Sold | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Jun 26, 2026 | Price Decreased |
$349,900
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$359,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| May 25, 2026 | Listed by WATSON REALTY CORP | $364,900 | |
| Listed by WATSON REALTY CORP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017