4958 Elgin Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by eXp Realty | $275,000 | |
| Listed by eXp Realty | |||
| | |||
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Welcome home! This 3 bedroom/1.5 bath split home has been lovingly maintained and is awaiting your personal touch. On the tiled entryway floor you'll find an office, half bath, and entry to the 2-car garage (with EV plug on exterior wall). Up the stairs, to the living room with hardwood floors, there is a wood burning fireplace and 1 of 2 Mitsubishi Heating/AC units. The well appointed kitchen includes a butcher block counter with extra storage, updated appliances and good lighting. The adjacent sunroom can be used year round. The third floor has an updated full bath with bluetooth lighting, three bedrooms (one currently being used as a closet/dressing room) and access to the attic through the hall closet. The deck off the sunroom is perfect for early morning coffee or evening dinners, and overlooks the fenced in backyard. The basement has been finished for additional living space. This sale includes an additional lot to the right of the home; giving you an even bigger yard to make memories in. Showings/negotiations begin 09/12/24 at noon. (Note: Square footage [per appraiser at time of purchase] is 1,716.)
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| May 15, 2012 | Sold | ||
| Sold | |||
| Mar 14, 2012 | Listed by Hunt Real Estate ERA | $134,000 | |
| Listed by Hunt Real Estate ERA | |||
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Data Source: NYSAMLSs, MLS# S268279
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017