7805 ELVIA Drive
About This Property
Welcome to this 3 bed/2 bath home in Arlington Hills! This location is roughly 30 minutes to The Beaches, it is 30 minutes to Jumbo Shrimp Baseball Stadium, Jaguar NFL Stadium & Daily's Place Ampitheater.
Buyers can plan on enjoying the recently updated kitchen w/granite counters, 42 in white shaker cabinets, ss appliances & newer flooring thru-out. The original carport has been enclosed to provide an excellent addition to an already great property. Currently being used as the children's playroom, this space can be an office, exercise/meditation room, craft room or man cave. Both bathrooms have been refreshed with tile, vanities and flooring. The rear yard is fully fenced & has a large storage shed installed. Previous owner removed chimney & capped fireplace.
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| May 17, 2025 | In contract | - | |
| In contract | |||
| May 12, 2025 | Price Decreased |
$263,000
↓ $6K
(2.2%) | |
| Price Decreased | |||
| May 12, 2025 | Relisted | $269,000 | |
| Relisted | |||
| Feb 21, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017