5 Elk Trl
About This Property
This beautifully landscaped home offers an open floorplan that flows nicely with main floor living which includes vaulted great room leading out to the large patio with big mountain views! This home sits on 3 acres in the desirable Elk trail subdivision.
Tile flooring in the entry, kitchen, dining, solid hickory 5 inch flooring in the great room and hallway.
Gourmet kitchen offers Knotty alder cabinets, granite counter tops and island
Alder trim and door throughout home.
Master bedroom, 5 piece master bath suite with jetted soaking tub, coffered ceiling in office and or guest bedroom, stone hearth gas fireplace with a reclaimed 1840's beam.
Large heated garage with storage access above
Metal roof, copper heated gutters
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017