985 N Elk Street
About This Property
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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 |
|---|---|---|---|
| Nov 3, 2026 | Listed by Dyess Real Estate | $62,999 | |
| Listed by Dyess Real Estate | |||
| Oct 31, 2026 | No longer available | - | |
| No longer available | |||
| Oct 10, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 8, 2026 | Listed by Dyess Real Estate | $62,000 | |
| Listed by Dyess Real Estate | |||
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1.18 fenced and cleared acres located in the Woodlands Subdivision of NE Montura Ranches. Property has a wide culvert. Single and Double Wide Manufactured Homes allowed here. Modular or site-built homes are also welcome. This rural horse and golf-cart friendly community allows for animals and has NO HOA's. There is community clubhouse and pool free to residents. Glades Electric used here. Will need a septic and well. 4 min from Joey's Pizza in Flaghole and 20 min. from the City of Clewiston. 1.5 hr from each coast. Pay no city taxes. Enjoy no neighbors to the back of the parcel. Call your offers in today.
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| Jul 9, 2026 | Price Decreased |
$62,000
↓ $3K
(4.6%) | |
| Price Decreased | |||
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