120 Melbourne Drive
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 18, 2021 | Sold | ||
| Sold | |||
| Oct 14, 2021 | Listed by JPAR Willow Park | $399,990 | |
| Listed by JPAR Willow Park | |||
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Beautiful custom home tucked away in a no HOA sub division, cul de sac, and Aledo ISD. Features begin with extended driveway, large lot, back patio, and upgraded entry. Interior is highlighted by wood floors, gourmet kitchen, open concept, dedicated office, vaulted ceilings, and much more. Easy access to freeway, shopping, and dining. Bring your buyers that desire an impeccably kept and built home.
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| Jun 7, 2019 | Sold | ||
| Sold | |||
| Apr 24, 2019 | Listed by Century 21 Lynch Legacy | $307,900 | |
| Listed by Century 21 Lynch Legacy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017