507 Elk Drive
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 30, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Listed by K1 Real Estate Group | $160,000 | |
| Listed by K1 Real Estate Group | |||
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Move in Ready! Welcome to your new home. Country Living in Crosby. This 2 Bedroom/1 Bath Home sits on a 14,500 Sqft of Beautiful, Serene land with lots of shade from Mature Trees. It has a nice Open concept Floor Plan with a Spacious Kitchen, counter space and enough Cabinets. Quick Access to 2100, 1960, and a short drive to Hwy-90.
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| Jul 14, 2023 | Sold | ||
| Sold | |||
| Apr 6, 2023 | Listed by Race Properties | $130,000 | |
| Listed by Race Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017