300 Elm Drive
About This Property
Features Attached 2 car heated garage PLUS a Detached 2 car heated garage (total 4 garages ) for the car enthusiast. . 2 driveways. Convert approximate 400 square foot attached 2 car garage into Master Bedroom Suite or other living space.. Large family room with vaulted ceilings and wood burning fireplace. ( 3 flue masonry chimney) 3 zone gas baseboard with new central air. Well with irrigation system ( as is ) Solid interior wood doors throughout. Central vacuum. Full heated basement with heat and wood stove ( as is ) Open front porch and rear patio. Steps to Shark river Park. Minutes to Parkway, Route 18, beach, marina and golf.
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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 |
|---|---|---|---|
| Apr 18, 2025 | Sold | ||
| Sold | |||
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Price Decreased |
$525,000
↓ $50K
(8.7%) | |
| Price Decreased | |||
| Dec 21, 2024 | Listed by RE/MAX Revolution | $575,000 | |
| Listed by RE/MAX Revolution | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017