3805 ELBY ST
About This Property
This classic Brick Cape Cod offers the perfect blend of timeless charm and modern updates. From its inviting interior spaces to the outdoor amenities, including a covered deck and fenced backyard, this home is ready to accommodate your lifestyle. The finished basement adds valuable living space and functionality, while the leased solar panels keep energy costs low. Move in and enjoy comfort, style, and convenience!
The main floor features two bedrooms, a full bathroom, a welcoming living room, and a galley kitchen with an adjoining dining area. A spacious third bedroom with hardwood floors is located on the second level.
The kitchen boasts granite countertops and premium LG appliances, making meal preparation a breeze. A covered deck off the kitchen offers the perfect spot for outdoor dining and relaxation.
Descend to the finished basement where you'll find a tiled den/sitting room and a large, carpeted family room-ideal for entertainment or relaxation. There's also a second full bathroom. A separate basement exit leads to the fully-fenced backyard.
Leased solar panels help lower energy costs, adding eco-friendly value to the home. And newer replacement windows throughout the home ensure energy efficiency and a bright, airy interior.
A driveway provides off-street parking for two vehicles.
Great location, just 1.5 miles from the Glenmont Metro Station!
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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.
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About Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017