5 Preston Street
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 |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Listed by Aluxety | $639,000 | |
| Listed by Aluxety | |||
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Nestled on a desirable corner lot in Wakefield, this well-maintained ranch offers a comfortable and convenient lifestyle. The home features three bedrooms, two full baths, and a cozy living room complete with a fireplace. Recent upgrades include a brand-new gas furnace and an updated 200-amp electrical system, ensuring modern efficiency. The spacious basement with kitchenette provides a versatile bonus room, ideal for a family room or additional living space for extended family, along with a full bath. The generously sized, level lot is perfect for outdoor activities, and the location offers excellent access to Wakefield Center, major highways, and the commuter rail station.
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| Jun 3, 2022 | Sold | ||
| Sold | |||
| Jul 24, 2003 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017