3002 W Elder Avenue
About This Property
Home is 1361 sq ft with 4 large bedrooms and 2 full bath. Property has been recently painted inside and out. Kitchen has been renovated with granite countertops and new appliances. Flooring consist of porcelain tile throughout kitchen and living room and laminate flooring in all 4 bedrooms. Has a large bonus room.
Home is centrally located to schools, parks, shopping center and freeways.
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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 |
|---|---|---|---|
| Apr 2, 2018 | Sold | ||
| Sold | |||
| Feb 11, 2018 | Listed by Keller Williams Costa Mesa | $545,000 | |
| Listed by Keller Williams Costa Mesa | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017