8718 Chelsworth Drive
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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 |
|---|---|---|---|
| Aug 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 5, 2024 | Listed by Walzel Properties - Corporate Office | $469,900 | |
| Listed by Walzel Properties - Corporate Office | |||
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Do you have aging parents or grown kids you would like to move into their own apartment behind you? Then don’t wait to come see all the love that’s been poured into your next home! Replaced 2024-Furnace & 4-ton AC, roof & Hardy siding;2023-other furnace,2022-both water heaters, wall oven/microwave combo. Over $80,000 in recent upgrades, asking below appraisal! Cathedral ceiling foyer is flanked by 2 study/office rooms that could be bedrooms. Granite countertops, stainless appliances, and walk-in pantry. Large laundry room. Upstairs has 4 bedrooms, including spacious primary suite with 2 walk-in closets, double-sink vanity, garden tub and walk-in shower. Every bedroom has private access to a full bathroom! Separate entry door leads from apartment to out to the covered breezeway next to 2-car garage. Location is best of both worlds, city of Houston but Fort Bend County schools!
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| Jun 5, 2024 | Price Decreased |
$479,900
↓ $9K
(1.9%) | |
| Price Decreased | |||
| May 6, 2024 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
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About Providence
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017