8607 Elm Valley Drive
About This Property
20 foot ceilings, Split Formals with Study or 4th Bedroom down. Master, 2 Bedrooms and Gameroom up. Laminate Flooring, Updated Fixtures, Berber Carpet and fresh Paint throughout. Large Owners Suite with Sitting Area and ensuite bath has Garden Tub and Sep Shower. Timberline Roof Shingles and Hot Water Heater in 2019 and 2 AC compressors and coils in 2015-2019. Rear Entry Garage and Sprinklered lawn. Seller is offering a 1 YR 2-10 Residential Warranty. Enjoy the parks and Trails in Valley Ranch!
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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 |
|---|---|---|---|
| Sep 18, 2020 | Sold | ||
| Sold | |||
| Jun 12, 2020 | Listed by Ebby Halliday, REALTORS | $372,000 | |
| Listed by Ebby Halliday, REALTORS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017