984 Elkcam Boulevard
About This Property
This well-maintained single-story home features a 2-car garage. With a newer roof (Nov. 2023) and impact windows, this home is move-in ready.
The split floorplan offers ideal privacy, placing the primary suite on its own wing. The kitchen is equipped with stainless steel appliances including a sleek oven/stove and refrigerator-perfect for everyday cooking or entertaining guests.
Enjoy natural light in the guest bathroom thanks to a skylight. A programmable smart thermostat adds a touch of modern comfort to your daily routine.
Step outside to a fully fenced backyard-ideal for pets, play, or backyard BBQs. There's even room to store a boat, and you're just one mile from the Port St. John boat ramp. Bonus: enjoy front-row views of rocket launches right from home!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017