108 Derby 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 |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by Flow Realty, Inc. | $699,000 | |
| Listed by Flow Realty, Inc. | |||
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Welcome to 108 Derby Rd, a beautifully maintained home in a desirable location just steps from Oak Grove, the commuter rail, and downtown Melrose. With brand new siding, windows and roof, this residence offers fantastic curb appeal. Inside, you'll find a newly remodeled eat-in kitchen featuring granite countertops, recessed lighting, and new appliances. The freshly painted interior is complemented by gleaming hardwood floors, three spacious bedrooms, and a full tiled bath on the main level. The upper level boasts a king-sized bedroom with skylights and a bonus play space. The attached garage leads to a clean, roomy basement ready for your finishing touches, complete with bonus bathroom, storage room, laundry and high-efficiency heating and hot water systems. The fenced backyard is perfect for entertaining or enjoying time with loved ones. Whether you're a first-time buyer or looking to downsize, this single-family home offers exceptional maintenance and value at this price point!
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| Aug 31, 2007 | Sold | ||
| Sold | |||
| Dec 17, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017