5123 Chelan Way
About This Property
One bathroom has been updated. Large screened patio that faces a large green area. This property sits on a nice lot.
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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 |
|---|---|---|---|
| Nov 11, 2024 | In contract | - | |
| In contract | |||
| Sep 29, 2024 | Listed | $485,000 | |
| Listed | |||
| | |||
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A very nice 3 bedroom, 2 bath single family home, centrally and conveniently located in the heart of Lake Worth. Home features brand new roof, Other appliances are brand new except the refrigerator/Washer & Dryer. New Paint and flooring. Large screened in patio with roll down shutters and a big open backyard on a corner lot. This area is in a very desirable school district. Also great shopping and restaurants. Near beaches and close to Palm Beach International Airport. Fantastic location near Turnpike & Major Highways, HOA Approval Needed.
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| Aug 23, 2017 | Sold | ||
| Sold | |||
| Apr 25, 2017 | Listed by South Palm Realty | $269,000 | |
| Listed by South Palm Realty | |||
| Sep 9, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017