131 MELROSE PL
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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 |
|---|---|---|---|
| Jun 1, 2023 | No longer available | - | |
| No longer available | |||
| May 4, 2023 | Listed by EXP Realty, LLC | $440,000 | |
| Listed by EXP Realty, LLC | |||
| | |||
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Location, location, location! Totally renovated in 2012 This beautifully property is situated in a prime location, just minutes away from The Pearl, Downtown, restaurants, shopping destinations, and everything else the city has to offer. As you approach the house you will see a wonderful front porch that is perfect for morning coffee and watching birds. As you step inside, you'll be greeted by a spacious and bright living room, perfect for entertaining guests or relaxing with family. The open floor plan flows seamlessly into the modern kitchen, featuring stainless steel appliances, granite countertops, and plenty of cabinet space. But that's not all - this property also includes a unique back dwelling, perfect for hosting guests or generating rental income. The back dwelling features a full kitchen, bedroom, and bathroom. HVAC is less than a year old, newer roof, fence, plumbing and electrical!!! The backyard is fenced and perfect for grilling and hanging out with family under the lights with a great ambience. Also, has a large shed. The third bedroom is currently a media room which can stay or as an option be reverted back to a third bedroom. Don't miss out on this incredible opportunity to own a stunning, updated home in the heart of San Antonio. Schedule your showing today! The manager has listed the unit size as 1705 square feet.
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| Jan 30, 2012 | Sold | ||
| Sold | |||
| Jan 23, 2012 | Listed by Homecity Real Estate | $52,000 | |
| Listed by Homecity Real Estate | |||
| Jun 12, 2006 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017