15950 Britten Lane
About This Property
Located in the heart of Wellington adjacent to all horse show venues, golf courses and A rated schools, Aero Club is a private aeronautical community that features a 4000 foot paved, lighted runway and grass taxiways for use solely by Aero Club Residents. Fuel Farm with both Jet A and 100LL is also available.
This beautifully finished CBS home is located on a prime corner/culdesac estate lot spanning almost 2 acres. The on site air conditioned hangar is over 2700 sq. ft. and also has a private driveway perfect for loading/unloading. The rear wall of the hangar opens to the grass taxiway.
This spacious home also features a renovated kitchen, wood and ceramic floors, private pool and 3.5 car garage.
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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%.
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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.
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.
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About Wellington Aero Club of The Landings at Wellington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017