23
Map
245 Ellamar Road
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 |
|---|---|---|---|
| Apr 4, 2023 | Sold | ||
| Sold | |||
| Jan 4, 2023 | Listed by Compass Florida LLC | $1,850,000 | |
| Listed by Compass Florida LLC | |||
| Jul 9, 2019 | Sold | ||
| Sold | |||
| May 24, 2019 | Listed by Chris Allen Realty | $359,000 | |
| Listed by Chris Allen Realty | |||
| | |||
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Perfect investment or fixer upper house!!! This is an amazing opportunity to own a 3 Bedroom/2 Bathroom home with over 1,900 sq.ft of living space. This home is east of Olive Ave. located in the prestigious South end of West Palm Beach and is one block from the Intracoastal. There are endless opportunities to capitalize on your investment with this property. No HOA or Rental Restrictions. Don't miss out on this rare opportunity. The lot is over 7,500sq feet in size and faces Ellamar road. Does not include vacant lot behind home.
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| Mar 14, 2019 | Sold | ||
| Sold | |||
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About Ellamar
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,800 /mo
- Studio
- 1 Bath
- 285 ft²
$3,500 /mo
- 2 Beds
- 2 Baths
- 1,178 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017