5480 Wellesley Drive
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 |
|---|---|---|---|
| Aug 3, 2026 | Listed by NCDG Realty & Property Management | $279,000 | |
| Listed by NCDG Realty & Property Management | |||
| Jun 30, 2023 | Sold | ||
| Sold | |||
| Jun 13, 2023 | Listed by HOWARD HANNA REAL ESTATE SERVI | $119,900 | |
| Listed by HOWARD HANNA REAL ESTATE SERVI | |||
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Located in a desirable subdivision in Spring Arbor Township, close to Arbor Hills Golf Course. Situated on a nice sized lot w/shed & deck overlooking fenced backyard. This original owner 3BR home offers 1614 above grade sq ft, hardwood floors, Amish built hickory kitchen cabinets (new in 2007). Enter into foyer, living room, kitchen, family room has vaulted ceiling & gas fireplace, basement under family room for more living space. Home has an attached 2 car garage, central air. Home is an estate and is being sold ''as is'', cash sales only, purchase will include everything remaining in this home. Bones are good, lots of improvements needed, opportunity to purchase at a low price and put in sweat equity to restore this home! BATVI.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017