8908 Ellis Lane
About This Property
Recent improvements included a new roof, new garage door, fresh paint, updated appliances and bathrooms, updated exterior siding, refreshed landscaping, and a newly stained exterior porch. The property also includes 300+ square feet of heated and cooled partially finished basement space with a workshop space ready for projects or equipment. This offers excellent potential for future expansion--whether you envision additional living space, a recreation area, or a guest suite. Step outside to a fenced yard, perfect for pets or play and a detached shed for extra storage. The gently sloping yard, wooded backdrop, and fire pit area create a private outdoor setting ideal for relaxing or entertaining.
Whether you're looking for a turnkey home or a property with room to grow and add value over time, this one delivers both comfort today and potential for tomorrow. Showings by appointment only, call today for your private tour!
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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 22, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | Listed by eXp Realty | $369,000 | |
| Listed by eXp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017