1026 Melneeka Lane
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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 20, 2023 | Sold | ||
| Sold | |||
| May 24, 2023 | Listed by RE/MAX Signature | $317,000 | |
| Listed by RE/MAX Signature | |||
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Enjoy first floor living in these spectacular two story homes with a fenced in yard! This community offers open concept living with an island kitchen open to your living and dining room spaces. Upstairs, your master suite features a double sink vanity, stand up shower, soaking tub plus TWO walk-in closets!! This location provides you with easy access to highways 610 and 45, as well as Shepherd Drive, Tidwell Road, and Yale Street.
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| May 4, 2021 | Sold | ||
| Sold | |||
| Feb 3, 2021 | Listed by Coldwell Banker Realty | $285,000 | |
| Listed by Coldwell Banker Realty | |||
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You don't want to miss this opportunity to live in a brand new home in Independence Heights. Enjoy first floor living in these spectacular two story homes with a FENCED-IN YARD! This community offers open concept living with an island kitchen open to your living and dining room spaces. Upstairs, your master suite features a double sink vanity, stand up shower, soaking tub plus TWO walk-in closets!! This location provides you with easy access to highways 610 and 45, as well as Shepherd Drive, Tidwell Road, and Yale Street. Call today to schedule your private or tour & lock in your new home today! (Use 5611 Tuskegee St for GPS)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017