5338 Wellesley
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 |
|---|---|---|---|
| Dec 10, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Listed by Coldwell Banker West | $885,000 | |
| Listed by Coldwell Banker West | |||
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Delightful single- story home in quiet neighborhood. A charming, gated courtyard greets you as you enter this lovely home. This practical floor plan offers plenty of opportunities for a creative buyer. The private backyard with covered patio provides a great place for the kids to play or to entertain guests. The beautiful low maintenance landscape creates a wonderful outdoor experience. Don't miss this opportunity to own a home in one the most sought after La Mesa neighborhoods, near trolley access, UCSD health care, Lake Murray, Mission Trails golf course, Cowles Mountain, great restaurants, downtown La Mesa and Grossmont shopping center. Please come take a look.
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About La Mesa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017