1725 Melbourne Lane
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 28, 2020 | In contract | - | |
| In contract | |||
| Jun 18, 2020 | Listed | $284,900 | |
| Listed | |||
| | |||
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Beautifully updated and well maintained home in Wheatlands. Wonderful open floor plan, two story foyer, easy care wood laminate floors on main level, Newly updated kitchen 2 years ago with Granite counter, stainless steel appliances, up-graded cabinets, wonderful flow from the kitchen to the family w/fireplace. Freshly painted with beautiful colors....Master bedroom with master suite, vaulted ceilings, double sinks, separate tub & shower, white trim and doors. Full basement ready to finish, Large Corner Lot with fenced in yard, new deck and beautifully landscaped yard. 3 years old Roof. New AC 2019, A great home in a great location close to schools, shopping and I-88. The manager has listed the unit size as 1993 square feet.
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| Jun 15, 2017 | Sold | ||
| Sold | |||
| Apr 19, 2017 | Listed by Century 21 Affiliated | $249,900 | |
| Listed by Century 21 Affiliated | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017