1072 Corey Lane
About This Property
Check out this single family home on just under 1/2 acre in West Palm. This property is zoned Residential/Agricultural so bring your animals. The large fireplace in the living room creates an inviting space for all to gather. Impact windows throughout the entire house (except for the sliding glass doors to the patio.) Amazing features include: A 3 tank water filtration system, a long driveway offers ultimate privacy and ample parking. The huge backyard is an entertainers dream. Make sure you check this home out. Properties like this are hard to find!
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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 27, 2022 | Sold | ||
| Sold | |||
| Feb 17, 2022 | Listed by Coastal Real Estate Professionals LLC | $450,000 | |
| Listed by Coastal Real Estate Professionals LLC | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017