24 Wellesley LANE
About This Property
Sliding glass doors lead to a covered seating area and a sparkling screened pool and spa surrounded by large deck space for plenty of lounging and entertaining. The nicely landscaped yard adds to your outdoor enjoyment.. A split plan, bedrooms two and three and the second bath are on the other side of the home creating privacy for family and guests. Other features for secure and comfortable living include generator as noted above, screened panels on the garage, an attractive backyard shed, a sprinkler system with 80 foot deep well (no iron stains!), new roof in 2016, newer doors and windows with lifetime guarantee, and storm panels for hurricane protection.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| Apr 30, 2024 | In contract | - | |
| In contract | |||
| Apr 15, 2024 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Mar 26, 2024 | Price Decreased |
$400,000
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Mar 1, 2024 | Listed by ADAMS, CAMERON & CO., REALTORS | $425,000 | |
| Listed by ADAMS, CAMERON & CO., REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017