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5188 Elpine Way
About This Property
Additional highlights include a full 2-car garage with attic access, energy-efficient, and thoughtful design throughout. Turnkey and move-in ready!
Located in a gated community with manned security, enjoy access to resort-style amenities, including: Clubhouse with fitness center & outdoor spa, 3 community pools (1 heated in winter), 4 tennis courts & 2 racquetball courts, soccer field, playground & more
HOA fees of $837/quarter cover partial lawn care, basic cable, high-speed internet, irrigation, and 24/7 security. Up to 2 pets allowed with no weight restrictions. Motorcycles welcome, with overnight garage storage per HOA guidelines.
Don't miss this rare opportunity to own a stylish, updated home in a vibrant, amenity-rich neighborhood.
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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.
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About Woodbine
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017