8039 Wellsmere CIRCLE
About This Property
The main level boasts an open layout, highlighted by a large living room that flows seamlessly into the dining room, perfect for gatherings and family dinners. The inviting foyer welcomes you into the home with high ceilings and a bright atmosphere. The recently updated kitchen features modern cabinetry, elegant granite countertops, and stainless steel appliances, allowing you to enjoy meals in the breakfast nook or entertain guests in the adjoining dining area.
The primary bedroom offers a tranquil retreat with a spacious walk-in closet and an en-suite bathroom, complete with a double vanity and a large walk-in shower. Step outside to the screened patio, where you
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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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About Victoria Place
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017