10798 Wells Avenue
About This Property
PROPERTY HAS WROUGHT IRON FENCING WITH FRONT AND SIDE GATES, WHICH ARE SOLAR POWERED. FIVE GENEROUS BEDROOMS, THREE BATHS.
PLAN INCLUDES TWO MASTER SUITES; ONE ON EACH LEVEL.
SPACIOUS LIVING/DINING ROOM COMBINATION WITH FRENCH DOORS TO LARGE COVERED PATIO AND BEAUTIFULLY LANDSCAPED REAR YARD.
SEPARATE FAMILY ROOM WITH EXIT TO THE DRIVEWAY.
TWO CAR GARAGE WITH STORAGE ROOM. FREESTANDING BARN IS 22' X 30' WITH ADDITIONAL PARKING AREA.
HOUSE WAS BUILT IN 1924, AND REMODELED WITH ADDITIONS IN 1978. SELLER IS A LICENSED REAL ESTATE BROKER.
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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 |
|---|---|---|---|
| May 13, 2020 | Sold | ||
| Sold | |||
| Feb 17, 2020 | Listed by RE/MAX HORIZON | $460,000 | |
| Listed by RE/MAX HORIZON | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017