1305 Melbourne Street
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 |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Mar 2, 2023 | Listed by Texas Ally Real Estate Group, | $315,500 | |
| Listed by Texas Ally Real Estate Group, | |||
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This beautiful 4 bed/3 bath property is full of potential sitting on a 6,000 sqft lot. Great location just minutes from Downtown, the Heights, and Midtown with plenty of restaurants, bars, coffee shops, and grocery stores nearby! The home boasts an open floor plan downstairs with recent updates throughout. The property has a spacious backyard and the entire property is gated for extra privacy and protection. This home is sure to meet your every need with a great price, act soon on this great deal!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017