29827 Chapel Chase DRIVE
About This Property
As you make your way upstairs, you walk along the upgraded wrought iron railing system, which also encompasses the large loft overlooking the Great Room. There is a 4 way split of Bedrooms upstairs on one side is a Den/Bedroom with Full semi private bathroom and another bedroom. On the other side of the Loft are 2 additional Bedrooms split between another Full bathroom. The owner has upgraded the front of the home with a widened driveway and the back with oversized 40' x 10' covered screened lanai, as well as massive 40' x 25' brick paver open patio overlooking the pond and conservation view, perfect for entertaining or just relaxing. In addition, a Water Softener and Reverse Osmosis system was installed, as well as rain gutters, and EV Charging Station.
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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 |
|---|---|---|---|
| Dec 5, 2023 | Sold | ||
| Sold | |||
| Nov 8, 2023 | In contract | - | |
| In contract | |||
| Oct 27, 2023 | Price Decreased |
$584,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Oct 20, 2023 | Price Decreased |
$585,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Sep 24, 2023 | Price Decreased |
$600,000
↓ $25K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017