2623 Nelwin Place
About This Property
Welcome to your dream home in Arlington ISD that feeds into Martin High School and Ditto Elementary! Many mature trees nestled on a large corner lot. This charming three bedroom, two bath house boasts of a natural light, generous size bedrooms and large closets. The screened in back patio is perfect for morning coffee. This property offers both privacy and a sense of openness. Recent upgrades include a Whirlpool built-in microwave, dishwasher and GE stove. 4 ton 16 seer Carrier HVAC unit installed March 2023.
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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 30, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | Listed by Presence Real Estate | $339,999 | |
| Listed by Presence Real Estate | |||
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About West Arlington
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20551571
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017