7402 WELLESLEY DR
About This Property
Upon arrival, guests are welcomed by an inviting exterior, complete with a driveway that offers ample parking space. Inside, the living room beckons with abundant natural light, creating a warm and welcoming atmosphere for relaxation or gatherings.
The kitchen emerges as the focal point of the home, boasting updated features such as granite countertops, a stylish backsplash, and ample cabinet space. Whether preparing a quick meal or entertaining guests, this well-appointed kitchen caters to every culinary need.
With four bedrooms one full and two and a half bathrooms, there is abundant space for residents to unwind and recharge. Nearby park trails provide opportunities for outdoor recreation and leisure, adding to the appeal of this charming abode.
Conveniently located near local roads and highways, enjoy easy access to shopping centers, including popular destinations like Whole Foods, Trader Joe's, and Target. This prime location ensures that daily errands and dining options are always within reach.
With its charming ambiance and coveted amenities, it presents a unique opportunity for those seeking a place to call home!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017