5687 Elder 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%.
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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.
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 15, 2024 | Sold | ||
| Sold | |||
| Feb 19, 2024 | Listed by Partnership Realty Inc. | $385,000 | |
| Listed by Partnership Realty Inc. | |||
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Step into this meticulously renovated 3-bedroom, 2-bathroom abode, spanning just under 1200 square feet of living space on a generous lot exceeding 6000 square feet. Revel in the allure of brand-new porcelain tile flooring that exudes both elegance and durability. Rest easy with a newly overlaid roof, ensuring tranquility for the next 7 years. Smooth ceiling finishes add a touch of sophistication. Situated in the heart of West Palm Beach, enjoy proximity to esteemed schools, major supermarkets, and banks. Embrace the convenience of a 10 to 15-minute drive to downtown West Palm Beach and the beach, making this home a sanctuary of modern living amidst a bustling locale.
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| Dec 19, 2023 | Sold | ||
| Sold | |||
| Nov 20, 2023 | Listed by Medalian Real Estate & Investm | $275,900 | |
| Listed by Medalian Real Estate & Investm | |||
| Sep 12, 2003 | Sold | ||
| Sold | |||
Property Highlights
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About Forest Hill Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017