129 N Melanie Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Listed by The Property Shop | $299,000 | |
| Listed by The Property Shop | |||
| Dec 19, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Sep 5, 2024 | Listed by The Property Shop | $300,000 | |
| Listed by The Property Shop | |||
| | |||
|
Welcome to 129 N Melanie Rd, Azle, TX! Nestled on nearly an acre of serene land, this charming 3 bedroom, 2 bath home offers a peaceful retreat just outside the city. The spacious backyard is a nature lover's dream, where deer frequently visit, and there's plenty of room for outdoor activities. Enjoy the above-ground pool with an expansive deck, perfect for summer relaxation. A 35x35 garage offers ample storage and workspace. Inside, the home features a separate dining room, ideal for gatherings, and a large enclosed backroom that can be transformed into a perfect entertainment space. Don’t miss this unique property!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017