16833 Chapel Road
About This Property
The main living area makes a great first impression with vaulted ceilings, wood-look beams, large windows, and a brick fireplace flanked by built-ins. The living room opens nicely to the kitchen and dining area, creating a bright, comfortable space for everyday living or entertaining. The kitchen is a standout with a large island, beautiful countertops, tall cabinetry, built-in appliances, pendant lighting, and plenty of storage and prep space. The dining area overlooks the backyard and gives the home a nice open feel.
The private primary suite features a vaulted ceiling, spacious bedroom, dual vanities, a freestanding tub, walk-through shower, and generous closet space with convenient access near the utility room. The floor plan also includes well-sized secondary bedrooms, multiple full baths, a dedicated office near the entry, a mud bench and drop zone, and a large laundry room with extra storage.
Outside, the covered back patio looks out over a large fenced backyard with plenty of room to play, garden, entertain, or simply enjoy the extra space. With its 1-acre lot, side-entry garage, wide driveway, and peaceful setting in desirable Lorena ISD, this home offers the feel of new construction without the wait. Schedule your showing today.
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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 |
|---|---|---|---|
| Jul 25, 2026 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| May 8, 2026 | Listed by Bentwood Realty | $775,000 | |
| Listed by Bentwood Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017