180 Melbourne Drive
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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%.
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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 8, 2021 | No longer available | - | |
| No longer available | |||
| Feb 25, 2021 | Sold | ||
| Sold | |||
| Jan 19, 2021 | In contract | - | |
| In contract | |||
| Jan 9, 2021 | Listed | $369,900 | |
| Listed | |||
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Quality built custom home in great Aledo ISD neighborhood! This home has two master bedrooms with their own bath, a guest room with hall bath and a study which could be the 4th bedroom. It's an open concept with great entertaining kitchen and living room area! Kitchen also has large walk-in pantry! Granite countertops throughout, stainless steel appliances, beautiful site finished handscraped wood floors. Awesome back patio living area with private fenced back yard. Foam insulation! Quick and easy access to interstate! The manager has listed the unit size as 2431 square feet.
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| Dec 22, 2020 | Listed by 4D Real Estate Group | $369,900 | |
| Listed by 4D Real Estate Group | |||
| | |||
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Quality built custom home in great Aledo ISD neighborhood! This home has two master bedrooms with their own bath, a guest room with hall bath and a study which could be the 4th bedroom. It's an open concept with great entertaining kitchen and living room area! Kitchen also has large walk-in pantry! Granite countertops throughout, stainless steel appliances, beautiful site finished handscraped wood floors. Awesome back patio living area with private fenced back yard. Foam insulation! Quick and easy access to interstate!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017