1400 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 |
|---|---|---|---|
| May 17, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | Listed by The HomeCourt Real Estate | $479,900 | |
| Listed by The HomeCourt Real Estate | |||
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Practically brand new! The sellers are sad to leave this pristine ranch located on a premium lot in beautiful Blackberry Creek. Completely move-ready, neutral palate to fit with all styles, open concept, and a corner lot. Updated lighting throughout, sprinkler system, and landscaping. The gorgeous Kitchen with quartz countertops, tile backsplash, center island with seating; is the perfect entertaining space! It opens up to the spacious eating area and vaulted great room with a gas fireplace! The Master suite features a walk-in closet, private and beautifully updated bathroom. Just down the hall is the 2nd bedroom and 2nd full bath. Bedroom 3 is versatile and currently being used as the main floor office with French doors. Main floor Laundry with a closet. The backyard is great with a patio to relax on, mature landscaping gives privacy in the back. Beautiful outdoor lighting and a sprinkler system! 2' extended garage. Full unfinished basement- perfect for storage or your finishing touches. This is a great opportunity!! Don't miss out!
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| Aug 20, 2021 | Sold | ||
| Sold | |||
| Dec 20, 2020 | Listed by Homesmart Connect LLC | $474,900 | |
| Listed by Homesmart Connect LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017