1512 wainwright Drive
About This Property
What sets this property apart is its ability to be split into something like a duplex, offering you the chance to double your rental income. The spacious layout provides ample room for tenants, making it an attractive option for both families and professionals. Property has opportunities for further enhancements to increase its value.
Situated in a sought-after neighborhood, this property benefits from close proximity to amenities such as shopping, dining, and entertainment. The excellent location ensures high tenant demand, making it a smart addition to your investment portfolio. Act fast to capitalize on this unique opportunity! Contact us now to arrange a private tour and explore the potential of 1512 Wainwright. SOLD AS IS
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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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Price Decreased |
$250,000
↓ $18K
(6.5%) | |
| Price Decreased | |||
| May 19, 2025 | Listed by Casa By Owner | $267,500 | |
| Listed by Casa By Owner | |||
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with quick access to I-10, this move-in-ready gem offers unbeatable convenience and long-term value. Large Storage attached to the house that can be used as a workshop.
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| May 13, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017