2 WELLESLEY LANE
About This Property
The outdoor living space is a standout, featuring a screened in pool with an expansive paver deck-ideal for entertaining or relaxing year-round. A dedicated pool bath adds convenience for outdoor gatherings. Inside, the home showcases luxury vinyl plank flooring throughout, plantation shutters, and a bright, open layout.
The kitchen is well equipped with attractive cabinetry, granite countertops and backsplash, and stainless steel appliances, offering both style and practicality. Additional features include a water softener, paver driveway, and an oversized 572-square-foot garage providing ample room for vehicles, storage, or a workshop.
This home offers a desirable blend of indoor and outdoor living on a generous lot, making it an excellent opportunity for those seeking space, quality finishes, and a true Florida lifestyle.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017