135 Melody LANE
About This Property
Spend time outdoors again on the large corner lot, entertaining or relaxing among nature from the expansive and private grounds with covered deck space and lush gardens to flex your green thumb. End your day in one of the sizable bedrooms, each well-appointed with large closets and views of the grounds. The master suite has access to a spa-like modern ensuite bathroom with custom tile work and a rich vanity.
Note-worthy amenities include ceiling fans, a dedicated laundry space, a covered entrance, and a long driveway. This home is currently being used as an Airbnb property and is highly profitable; and being sold with all current furnishing. Continued use as a rental property is an option available to new owners. There has never been a better time than the present to invest in your future - all that's left to do is pack your bags and move right into Melody Lane!
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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.
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About Village Green
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,750 /mo
- 2 Beds
- 2 Baths
- 1,230 ft²
$2,500 /mo
- 1 Bed
- 1 Bath
- 1,079 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017