164 Melbourne Drive
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 |
|---|---|---|---|
| Jun 2, 2023 | Sold | ||
| Sold | |||
| May 2, 2023 | No longer available | - | |
| No longer available | |||
| Mar 21, 2023 | Listed by NextHome on Main | $460,000 | |
| Listed by NextHome on Main | |||
| | |||
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STUNNING HOME located in a highly desirable neighborhood in Aledo ISD! This 4-bedroom, 2-bathroom property has been meticulously maintained and is move-in ready. Upon entering the home, you'll be greeted by a spacious living area with soaring ceilings and an abundance of natural light. The open floor plan flows seamlessly from the living room to the dining area and modern kitchen, making it the perfect space for entertaining guests. The kitchen boasts stainless steel appliances, granite countertops, and plenty of cabinet space. Additionally, there is a large island with a breakfast bar for casual dining or meal prep. The primary bedroom features a walk-in closet and ensuite bathroom with dual vanities, a soaking tub, and a separate shower. The backyard is an oasis with a covered patio and plenty of green space for outdoor activities. Easy access to shopping, dining, and entertainment. Don't miss out on the opportunity to make this beautiful home your own!
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| Oct 8, 2020 | Sold | ||
| Sold | |||
| Apr 26, 2020 | Listed by HBS Real Estate | $321,900 | |
| Listed by HBS Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017