4311 Elma Lane
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 |
|---|---|---|---|
| Oct 16, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | Listed by Keller Williams San Diego Metro | $899,000 | |
| Listed by Keller Williams San Diego Metro | |||
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Discover modern comfort and sustainable living in this beautifully updated 3-bedroom, 2-bath single-story home set on a generous 14,000+ sq. ft. parcel. Designed with a contemporary aesthetic, the open floor plan features hardwood floors, a remodeled kitchen with sleek finishes, and updated baths. This eco-conscious home is equipped with owned solar, an Enphase backup battery, heat pump electric water heater, and a newer roof, ensuring energy efficiency and peace of mind. Step outside and enjoy a thoughtfully designed, water-efficient yard with raised garden beds, 550 gallons rain water capture system, numerous fruit trees, a charming chicken coop, generously sized redwood deck with plenty of space to entertain or unwind. Irrigation system is upgraded with a weather based controller which provides increased efficiency and conservation. Board on board cedar fencing provides aesthetically pleasing privacy. Fruit trees and raised beds at the ready for the avid gardener, but low maintenance enough that you'll be able to relax and enjoy all this amazing backyard retreat has to offer. The expansive lot provides endless opportunities for outdoor living, gardening, ample room to add an ADU or simply soaking in the serenity of your own private retreat. Gated side yard parking area perfect for a smaller RV or boat. Conveniently located near shopping, dining, and schools, this property is the perfect blend of modern upgrades, eco-friendly features, and everyday comfort.
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| Sep 2, 2014 | Sold | ||
| Sold | |||
| Jul 19, 2014 | Listed by Big Block Realty, Inc. | $429,000 | |
| Listed by Big Block Realty, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017