3 ELM DRIVE
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 |
|---|---|---|---|
| Jan 25, 2026 | Listed by GRANT TEAM REAL ESTATE, LLC | $24,000 | |
| Listed by GRANT TEAM REAL ESTATE, LLC | |||
| Oct 24, 2024 | Price Decreased |
$27,500
↓ $500
(1.8%) | |
| Price Decreased | |||
| May 30, 2024 | Price Decreased |
$28,000
↓ $1K
(3.5%) | |
| Price Decreased | |||
| Feb 8, 2023 | Listed | $29,000 | |
| Listed | |||
| | |||
|
Beautiful lot to build your perfect home in lovely South Gulf Cove, located near the Gulf of Mexico. Just minutes from beautiful Boca Grande Island, Cape Haze and a public boat ramp provides access to 55 miles of canals for world class fishing! Close to Charlotte Sports Park and Myakka State Forest which offers hiking, trail biking, and equestrian activities. Conveniently located close to schools, shopping, and state of the art golf courses!
| |||
| Mar 5, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017