56 Wells Lane
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 |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Apr 17, 2024 | Listed by Walker Wallace and Emerson Realty | $450,000 | |
| Listed by Walker Wallace and Emerson Realty | |||
| Dec 15, 2023 | No longer available | - | |
| No longer available | |||
| Nov 13, 2023 | Listed by Walker, Wallace & Emerson Realty | $490,000 | |
| Listed by Walker, Wallace & Emerson Realty | |||
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Enjoy one-level living--no stairs!--on beautiful Warrior Mountain, nestled into the woods, with complete privacy, on a 1.6 acre property bordering a large, 115-acre tract under conservation easement—all an easy drive and within minutes of downtown Tryon, Saluda, Landrum and Columbus. The rooms are large and all have picture windows looking out over the beautiful, wooded property and mature landscaping. The den could be converted to a third bedroom. The home features hardwood floors throughout, a wood-paneled den, and a screen porch addition off the back to enjoy the comfortable weather of the Carolinas. There is plenty of turn-around space and extra parking in the large driveway, and your electric vehicle charger is already installed in the attached garage. The house uses well water, at zero monthly cost, but public water is also available if you prefer. The interior was recently painted, the roof is just ten years old, and the heat pump is just five years old. The manager has listed the unit size as 2271 square feet.
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| Aug 30, 1998 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017