200 Melrose Place
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 |
|---|---|---|---|
| Sep 28, 2026 | Price Decreased |
$309,900
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Keller Williams Realty Coastal | $319,900 | |
| Listed by Keller Williams Realty Coastal | |||
| May 13, 2026 | Sold | ||
| Sold | |||
| May 1, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Listed by Keller Williams Realty Coastal | $199,900 | |
| Listed by Keller Williams Realty Coastal | |||
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Opportunity knocks with this 2-bedroom, 1.5-bath home at 200 Melrose Pl in Rincon, GA, set on a large half-acre lot offering space, privacy, and room to expand. This home is ready for someone with vision to roll up their sleeves and make it their own-perfect for buyers who value functionality, elbow room, and the ability to customize. The true highlight is the massive ~1,100 sq ft workshop out back, ideal for mechanics, contractors, hobbyists, or anyone needing a serious workspace. In addition, there's an outdoor shed providing even more storage and flexibility. Whether you're looking to live where you work or simply want a property with the land and space to bring your ideas to life, this one delivers a rare combination of opportunity and utility. If you've been searching for a place where hard work can truly pay off, this is it.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017