8841 Elvira Avenue
About This Property
Here's your chance to create your dream home in one of Westminster's most desirable areas. This property is priced to sell and presents incredible potential for the right buyer/investor. With some TLC, this home could truly shine! Please note: due to the condition, it may not qualify for traditional financing, making it ideal for cash buyers or investors looking to put their personal touch on a prime piece of real estate. Don't miss out on this rare opportunity!
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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 |
|---|---|---|---|
| Dec 3, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | Listed by KW Spectrum Properties | $600,000 | |
| Listed by KW Spectrum Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017