2815 Elm St
About This Property
The property sits on a huge yard that offers significant expansion potential or room for custom outdoor living projects. The backyard is essentially a bird sanctuary with perennial landscaping and mature fruit trees already in place. Practical additions include a garden shed, providing ample room for tools and projects while the two off-street parking spaces handle the logistics of urban living. Located just one block from the Fairfax business corridor, the home is perfectly positioned for those who value proximity to local staples like Yuan Wonton, Bistro Barbes, Copper Door Coffee Roasters, and Longtable Brewhouse. This is a straightforward chance to acquire a large, structurally sound property with great bones in a location where finished homes command a significant premium.
Payment Calculator
Your Estimated Monthly Payment
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017