40
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8 S Elderberry Trail
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 |
|---|---|---|---|
| Jun 7, 2026 | Price Decreased |
$550,000
↓ $30K
(5.2%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | $579,900 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | |||
| May 17, 2026 | No longer available | - | |
| No longer available | |||
| Apr 23, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 23, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | $579,900 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | |||
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Beautifully maintained 2 bed, 2.5 bath home located on a prime cul-de-sac lot with no back neighbors in the prestigious 55+ Bonterra neighborhood within the master-planned community of Woodforest! This home has striking curb appeal with professional landscaping and a charming double-door entry. Upon entry you will have a secondary bedroom and a private study with glass french doors. The spacious chef style kitchen features a large island with bar seating, double ovens, a gas cooktop, and abundant cabinetry, all opening seamlessly to the living and dining areas. The primary suite is filled with natural light and features a spa-like ensuite with a walk-in tub, separate walk-in shower, and two generously sized walk-in closets, one with access to the laundry room. Step outside to the oversized covered patio complete with roll-down screens and a cozy fireplace. Experience the active Bonterra lifestyle with access to a clubhouse, fitness center, pool/spa, pickleball courts, and so much more!
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About Montgomery
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$6,500 /mo
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- 3,766 ft²
$1,364 /mo
- 1 Bed
- 1 Bath
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017