24 Wellesley Road
About This Property
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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 |
|---|---|---|---|
| Apr 22, 2020 | Sold | ||
| Sold | |||
| Jun 23, 2017 | Sold | ||
| Sold | |||
| Sep 26, 2016 | Listed by William Raveis R.E. & Home Services | $645,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| Dec 23, 2005 | Sold | ||
| Sold | |||
| Sep 26, 2005 | Listed | $539,900 | |
| Listed | |||
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WHAT A LOCATION FOR THIS LOVELY 4 BEDROOM CAPE. THIS HOME OFFERS GREAT LIVING SPACE INSIDE & OUT. VIEWS OF THE HARBOR FROM THE LARGE DECK OFF THE MASTER BEDROOM. SHORT WALK TO THE WATER AND SHOPS. INGROUND POOL WITH SEPERATELY FENCED AREA, LEAVING ANOTHER AREA OF THE YARD FENCED AND READY FOR SAFE PLAY. NICE SCREENED ROOM/PORCH (WITH STORMS FOR THE COLD)ALONG THE SIDE OF THE HOME FOR QUIET EVENINGS AND OCEAN BREEZES. THIS HOME HAS WONDERFUL CHARACTER AND HOLDS POTENTIAL FOR YOU TO MAKE IT YOURS
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