613 ELBA DR
About This Property
Enjoy an evening out shopping and dining with an abundance of local boutiques and restaurants to choose from off Tamiami Trail, Venice Island with historic downtown Venice or Sharky's on the Pier.
Everything is set up in this turn key home with furnishings optional. Both bedrooms have attached bathrooms. This updated home has a new roof in 2018. Hurricane impact windows and pool resurfaced in 2020. Garage floor epoxy and brand new whole home reverse osmosis system in the well house installed in 2023. Brand new deep well drilled in November 2024.
This home and property truly has it all. The word boredom will never be spoken.
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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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Feb 17, 2025 | In contract | - | |
| In contract | |||
| Feb 11, 2025 | Price Decreased |
$537,000
↓ $30K
(5.3%) | |
| Price Decreased | |||
| Jan 30, 2025 | Price Decreased |
$567,000
↓ $30K
(5%) | |
| Price Decreased | |||
| Jan 5, 2025 | Price Decreased |
$597,000
↓ $50K
(7.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017