7 Wellesley Rd
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 |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Apr 15, 2024 | Listed by Keller Williams Realty Evolution | $589,000 | |
| Listed by Keller Williams Realty Evolution | |||
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Embrace this charming 3BR, 1.5 bath ranch style home nestled in the well established Raymond Farms neighborhood. Offering over 1500 sq. ft. of comfortable living space on a generous 1/4 acre lot, this move-in-ready home boasts a spacious single floor layout with good size bedrooms, dining area, living room with fireplace and an oversized family room. The fenced in, level backyard with patio add to the value. This home is just moments away from schools, commuter rail access, the bustling Cummings Center, restaurants, shopping destinations, and major highways, ensuring a seamless blend of suburban tranquility and urban convenience.
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| Dec 21, 1981 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017