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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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Feb 13, 2025 | Listed by Finch & Gable Real Estate Company | $775,000 | |
| Listed by Finch & Gable Real Estate Company | |||
| | |||
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Tucked away on 5.33 scenic acres in the heart of Elbert, this beautifully updated 4-bedroom, 3-bathroom home offers the perfect mix of comfort and country charm. Surrounded by towering pines, natural rock formations, and open pastures, the setting is both private and picturesque. Inside, the inviting wood-and-white aesthetic creates a bright and welcoming feel. The kitchen is designed for both style and function, featuring quartz countertops, stainless steel appliances, a spacious island, and direct access to outdoor living. Large windows fill the great room with natural light, while the new wood-burning fireplace adds warmth and character. The finished basement extends the living space, offering a generous family room with custom built-in shelving and cabinetry, an additional bedroom, a bathroom, and a well-designed laundry room. Modern upgrades throughout include new electric central heating and A/C, a new pellet stove for added warmth, and durable flooring. Outside, the oversized insulated and heated garage provides ample storage, along with a 3-stall loafing shed, two storage sheds, and a gated driveway. With 4 fully fenced acres, this property is a dream for pet owners, offering plenty of space for dogs, horses, and more. If you're looking for a move-in-ready home with land to roam, this is the one!
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| Feb 1, 2025 | Relisted | $775,000 | |
| Relisted | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017