50
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851 Elm Drive
About This Property
Off of the entry, the open Dining Room is complemented by a Music Room, each with stunning Swiss Schonbek chandeliers. The Living Room offers a marble gas-log fireplace and walls of lighted display shelves and windows overlooking the back patio and pool. The home boasts four spacious Bedroom Suites- including a luxurious Primary Wing with a Library and Sitting Room. Step outside to enjoy the newly added 2023 Lap Pool and Pool House. A spacious, side-entry, three-car Garage includes a Workshop with staircase to a floored attic. See attachments for expanded Property Description.
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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 |
|---|---|---|---|
| Oct 24, 2024 | Listed by Coldwell Banker Properties Unlimited | $1,450,000 | |
| Listed by Coldwell Banker Properties Unlimited | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017