315 Elam Drive
About This Property
Explore 315 Elam Dr, recently updated with fresh interior paint throughout. The kitchen features an accent backsplash and all stainless steel appliances. The primary bedroom includes a walk in closet, and its bathroom provides double sinks along with a separate tub and shower. Outside, a covered patio extends to a fenced in backyard. Experience updated comfort and outdoor enjoyment in this must-see residence. This home has been virtually staged to illustrate its potential. Home comes with a 100-Day Home Warranty.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Relisted | $265,000 | |
| Relisted | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Price Decreased |
$265,000
↓ $8K
(2.9%) | |
| Price Decreased | |||
| Aug 3, 2026 | Listed by Opendoor Brokerage, LLC | $273,000 | |
| Listed by Opendoor Brokerage, LLC | |||
| Oct 1, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017