Lot 140 Melbourne Trail
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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 |
|---|---|---|---|
| Jun 25, 2021 | Sold | ||
| Sold | |||
| May 1, 2021 | Listed by Coldwell Banker Realty | $50,000 | |
| Listed by Coldwell Banker Realty | |||
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Summer is coming & you will want to enjoy all The Cliffs has to offer. The lot has a marina view, has been cleared along the road & the natural beauty has been preserved outside the foot print of perceived house. Walk to the Cliffs Marina from your weekend retreat or your retirement home. The lot is ready for your individual touch to make it yours. Make a statement with a home that is located close to the marina but off the main drag. The property comes with all perks of Cliff Ownership. Just 90 mikes from Fort Worth, Abilene & Wichita Falls. 24 hour security, 36 rounds of free golf, 2 pools, tennis courts, hotel & restaurant. Come experience the Hill Country in North Texas. You will never want to leave.
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| Nov 3, 2018 | No longer available | - | |
| No longer available | |||
| Sep 6, 2018 | Listed | $49,000 | |
| Listed | |||
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Build your dream home on this full size lot in The Cliffs Resort on Possum Kingdom Lake. Great lot with water views and close to the marina. Enjoy all the amenities of the resort which include championship golf, two swimming pools, full service marina, spa and fitness center and much more. This is a gated and guarded community.
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Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14568260
Details provided by NTREIS and may not match the public record
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Address: 335 Madison Avenue, New York, NY 10017