655 Oleaster Avenue
About This Property
With an awesome saltwater Heated pool, great outdoor sitting areas, covered patio & beautiful landscaping,.. You'll be able to enjoy South Florida living in your private backyard retreat the day you move in. Location, location! Sugar Pond Manor has several local parks including Azure Park, Foresteria Park and Primrose Park. Plus Wellington's popular Aquatic's Complex minutes away . A+ schools, easy access to FL Turnpike (10 miles), Palm Beach International Airport (14 miles), Wellington's Polo grounds (5.1), shopping (5.0), groceries (Publix, Wholefoods, Trader Joe's), and restaurants (3 miles), Wellington Regional Hospital (5
miles), incredible 1,700 acres of public use at Okeeheelee Public Park (9.4 miles).
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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 |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | Listed by Continental Properties, Inc. | $665,000 | |
| Listed by Continental Properties, Inc. | |||
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About Sugar Pond Manor of Wellington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017