263 Chance Drive
About This Property
Easy living with an open and updated eat-in kitchen with stainless steel appliances and granite countertops. Main level has living room, dining room with sliders to fenced in yard with patio to relax on. also on main level is an en-suite bedroom with dual entry from bedroom or living area for the convenience of guests. The one car garage has direct access into home and utility/laundry room located off the kitchen. As you go upstairs-you will find three more updated bedrooms, a full updated bathroom, and a bonus lounge that can transition to office, playroom, or great area to relax and unwind! All this with central air, gas heat, underground sprinklers, a generator hook-up, security system, attic storage, and more! In a prime location close to schools, shopping, transportation, restaurants, and a short distance to Long Beach's fabulous boardwalk and pristine beaches. Don't miss this one!!
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Cap Rate Calculator
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 31, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 9, 2025 | Listed by Signature Premier Properties | $859,000 | |
| Listed by Signature Premier Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017