192 Melrose Drive
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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.
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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 10, 2022 | Sold | ||
| Sold | |||
| Apr 19, 2022 | Listed by BHGRE Gary Greene | $499,900 | |
| Listed by BHGRE Gary Greene | |||
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|
Rare find…BEST OF BOTH! Oversized private Waterfront lot w/ 158’ of waterfront AND 167’ of premium golf course views. This beautifully wooded homesite is located at the end of a quiet cul-de-sac street off Weiskopf #6. It has far-reaching views up the rolling fairway close to the green. Located in a protected cove this lot is ideally located for your future dream home. Lot can have a boat slip (might be eligible for a boathouse). No time restraint to build, pick your own builder. Minimum Sq.Ft to build 1-story 2,600 Sq.Ft; 2,800 for 2-story. Seller has soil samples, survey, & plans that might be available for purchase. This is a deal you don't want to pass up!!! BENTWATER is a premier gated waterfront community with 54 holes of golf, two pools, marina and yacht club, fitness center, tennis, parks, and country club. Come live where you play! Desirable Montgomery ISD!
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| Jan 11, 2021 | Sold | ||
| Sold | |||
| Oct 21, 2020 | Listed by RE/MAX Integrity II | $199,900 | |
| Listed by RE/MAX Integrity II | |||
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Beautiful, oversized, wooded home site. Quiet location at the end of a cul-de-sac. over 100' of lake frontage in the quiet marina basin. 167' of golf course frontage by the #6 green of the Weiskopf course. Social membership included. 2600 Sq.Ft. minimum home but surrounded by homes from 4000 to 6000 Sq.Ft. Come build your dream home and boat slip for immediate access to the lake.
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| Dec 31, 2019 | Sold | ||
| Sold | |||
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About Bentwater
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Last Updated: 5 months ago
Data Source: HAR , MLS# 65073816
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