6864 Wellington Drive
About This Property
and porcelain flooring. Kitchen highlights include oak cabinets, abundant counter space, newer lighting, and pantry. The delightful breakfast nook overlooks the very desirable private backyard backing to a tree-lined area. Relax on the new stone patio as you enjoy the numerous perennials surrounding the house. The spacious primary suite offers a walk-in closet with private bathroom. The newly an egress window, full bathroom with shower, spacious family room, playroom or hobby room, new mechanicals and includes a large workshop with plenty of storage space. The attached 2 ½ car garage offers an additional 4' of extra space. Complete with a convenient 1st floor laundry & sprinkler system. See attachments for a complete list of upgrades. Close to Downtown Dexter, B2B Trail, library and parks. Only minutes to Ann Arbor and Expressways.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 28, 2024 | In contract | - | |
| In contract | |||
| May 27, 2024 | Sold | ||
| Sold | |||
| May 23, 2024 | Listed by Berkshire Hathaway HomeServices, Snyder & Company, REALTORS | $450,000 | |
| Listed by Berkshire Hathaway HomeServices, Snyder & Company, REALTORS | |||
| Jul 2, 2020 | Sold | ||
| Sold | |||
| May 12, 2020 | Listed by Berkshire Hathaway HomeServices, Snyder & Company, REALTORS | $320,000 | |
| Listed by Berkshire Hathaway HomeServices, Snyder & Company, REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017