213 Melinda Way
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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 |
|---|---|---|---|
| Nov 25, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Price Decreased |
$749,900
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Oct 16, 2025 | Listed by John S Notman, Broker | $799,900 | |
| Listed by John S Notman, Broker | |||
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This beautifully updated Mediterranean-style home in the highly sought-after Mission Point community perfectly blends comfort, style, and indoor-outdoor living. Boasting three spacious bedrooms and two and a half bathrooms, the home features an open-concept layout with a remodeled kitchen complete with quartz countertops and contemporary finishes. The private backyard is designed for entertaining and relaxation, featuring a covered patio, built-in fireplace, and BBQ area—ideal for gatherings with family and friends or quiet evenings at home. Inside, natural light fills the space, creating a warm and inviting atmosphere throughout. Residents of Mission Point enjoy access to a range of community amenities including a clubhouse, pool, lighted tennis courts, tot lot, and more, making it perfect for active lifestyles and family fun. While the home is turnkey and move-in ready, it does require some minor aesthetic updates, offering a great opportunity to add your personal touch. This property combines functionality, charm, and an unbeatable location, making it an exceptional place to call home.
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| Nov 14, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017