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11049 Melody Dr
About This Property
Multiple varieties of food producing plants & trees, herbs, berries and rose bushes! Inventory of plants list is provided. Beautiful Koi pond, retaining walls and trellises, a joy to explore! Very private shaded patio with firepit. The very private and spacious .45 acre lot backs to park and walking paths. Large RV storage area behind gate. Plenty of nearby shopping and easy access to I-25. This is a 1 of a kind property that is sure to please! Great Family Home at a Great Price!!!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017