3350 ELY PL SE
About This Property
Enter the upstairs through a welcoming foyer leading to an open living-dining-kitchen with 4 bedrooms, 1.5 baths, walk-in pantry, and a private deck. The upstairs features an EcoBee thermostat and a Hue Smart lighting system allowing you to customize your light's color and temperature. The downstairs 3 bed, 1 bath unit enters from the landscaped backyard. Each unit has 1100+ square feet, stainless steel appliances, washer/dryer and access to the fenced-in backyard. Enjoy the seasons in your own landscaped oasis with a native plant rain garden and fire pit, shade and sun gardens, and a shed. Secure off-street parking access via the alley. Easy access to hiking trails and summer music concerts at Fort DuPont Park, minutes to Eastern market, and access the rest of the city with Metro bus around the corner. Recent updates: 2022 washer/dryer downstairs, 2022 gutter guards, 2022 new fence/gate at entrance. This well maintained home is ready for a new homeowner to make it their own!
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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 |
|---|---|---|---|
| Jul 14, 2023 | Sold | ||
| Sold | |||
| May 21, 2023 | In contract | - | |
| In contract | |||
| May 12, 2023 | Price Decreased |
$574,900
↓ $24K
(4%) | |
| Price Decreased | |||
| Apr 20, 2023 | Listed by Keller Williams Capital Properties | $599,000 | |
| Listed by Keller Williams Capital Properties | |||
Property Highlights
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017