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2018 CHELAM WAY
About This Property
The primary suite is a true retreat, featuring generous proportions, a walk-in closet, and a private ensuite bath designed for comfort and convenience. Two additional bedrooms are positioned to offer privacy and easy access to a full bathroom, making the layout ideal for families, guests, or work-from-home needs.
The heart of the home is the beautifully refreshed kitchen, featuring freshly painted white cabinets, brand-new quartz countertops, and a new kitchen sink, creating a bright, modern space that's perfect for everyday living and entertaining.
Major updates bring peace of mind, including a newer roof (2022), HVAC system (2024), and fresh exterior paint (2024). Step outside to enjoy tranquil pond views, offering a beautiful natural backdrop and a sense of calm that elevates everyday living. Situated in a desirable Brandon community, residents enjoy convenient access to shopping, dining, parks, and major roadways, along with nearby recreational amenities that support an active Florida lifestyle. This home seamlessly blends thoughtful design, stylish updates, and scenic surroundings-an exceptional opportunity to enjoy both comfort and location.
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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 |
|---|---|---|---|
| Jun 6, 2026 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| May 2, 2026 | Relisted | $425,000 | |
| Relisted | |||
| Mar 30, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Price Decreased |
$425,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jan 23, 2026 | Listed by KELLER WILLIAMS SUBURBAN TAMPA | $435,000 | |
| Listed by KELLER WILLIAMS SUBURBAN TAMPA | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017