1053 Wandering Drive
About This Property
Step inside and be greeted by an inviting living room with large glass sliders and vaulted ceilings that seamlessly blends indoor/outdoor living, epitomizing the California lifestyle. A cozy fireplace adds warmth and ambiance, making it an ideal space for entertaining or relaxing. The kitchen was thoughtfully updated to include modern conveniences while preserving its classic appeal. An additional 400 sq ft bonus den area (not included in the sq ft) with fireplace is perfect for a home office or potential conversion to an ADU (buyer to verify with city). Additional updates include a new 2 year old roof, updated HVAC + additional den dual split AC, dual paned windows, wooden shutters, chimney retrofit, and partial copper plumbing. The bedrooms feature vaulted ceilings with dual paned windows and wooden shutters. A beautifully landscaped private yard with lush green foliage is the perfect space to relax and unwind after a busy day.
Make this your forever home!
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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 15, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2024 | Listed by FLOW PROPERTIES | $1,159,800 | |
| Listed by FLOW PROPERTIES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017