3230 Madison Elm Street
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 |
|---|---|---|---|
| Aug 19, 2023 | Sold | ||
| Sold | |||
| Jul 14, 2023 | Listed by AroundTown Properties Inc | $375,000 | |
| Listed by AroundTown Properties Inc | |||
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Welcome to 3230 Madison Elm St in the highly sought after Morton Creek Ranch community! The front elevation paired with the clean landscaping is sure to make a great first impression. Upon entry, you are greeted with the open floor plan with plenty of windows allowing for tons of natural light. The kitchen features Granite countertops, popular dark wood cabinets, built-in SS appliances, breakfast/bar seating, tons of counter and storage space and a breakfast area! Host friends and family over for dinner parties in the formal Dining room! Upstairs, you have a large game room which makes for a great place to watch your favorite movies & TV shows or can easily be made into a play place for the kids. The large Primary bedroom easily fits king-sized furniture with additional room for seating and a MUST SEE Primary bath! Spacious secondary bedrooms. Spend your weekends relaxing under the covered patio with plenty of green space for the kids to play!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017