698 Channel Way #21
About This Property
The manager has listed the unit size as 1152 square feet.
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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%.
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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.
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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 |
|---|---|---|---|
| May 11, 2023 | No longer available | - | |
| No longer available | |||
| Feb 22, 2023 | No longer available | - | |
| No longer available | |||
| Feb 20, 2023 | Listed | $149,900 | |
| Listed | |||
| Nov 30, 2022 | Listed | $139,000 | |
| Listed | |||
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This lovely double-wide jewel is nestled among the trees at the end of a cul-d-sac in a 55+ park on the Colorado River with stunning community beaches, and parklike settings along with access to the river for water sports. It sits on a large lot with water on two sides - a shimmering canal and a lagoon with a fountain. Stunning water and sunset views out the wall of windows in the living great room area overlooking a small pocket park on the lagoon. Bar area between kitchen and living/great room area. Three welcoming bedrooms include a large master with ensuite. Wood look ceramic tile in great room area and hall; carpeted bedrooms; huge closets in master and hall guest room. Interior laundry/utility room has rear exit to carport cover in parklike setting with water views of canal and lagoon, fruit and shade trees. Three-piece hall bath with tub shower. Two carports for cars and toys. Shed (8'x8') on separate concrete pad. Create amazing memories in one of the best communities on the river. The park features 2 launch ramps. You are close to many of the many of the highlights of the area.... right down the street from the El Rio Golf Club, feeling hungry jump in your boat and head upriver to the Rainbow Beach Restaurant, looking for some nightlife head on over to the AVI for concerts, casino, gambling, and rodeos. This location has it all. This is a 55+ community, age requirements do apply. Buyer must be qualified with park to purchase. The manager has listed the unit size as 1152 square feet.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/30/2022
|
3 Bed
|
2 Bath
|
1152 ft²
|
$139,000
3 Bed
2 Bath
1152 ft²
|
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-
|
Brian Ralls
Horizon Manufactured Homes INC
| |
|
08/15/2022
| |
3 Bed
|
2 Bath
|
1152 ft²
|
$139,000
3 Bed
2 Bath
1152 ft²
|
-
-
|
AARON JUAREZ
CAL AMERICAN HOMES AND REALTY
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017