220 Melbrooke Road
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 |
|---|---|---|---|
| Mar 19, 2025 | Listed | $90,000 | |
| Listed | |||
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This is your chance for your home to feel like a vacation! This beautifully renovated mobile home is located in the desirable 55+ community, Willow Lakes Estates! With all of the updates, there is nothing to do but move right in! Roof - 2023, HVAC - 2019, Tankless water heater, whole house descaler and sediment filters - 2023, refrigerator - 2022, dishwasher - 2019, flooring - 2022, washer - 2020, dryer - 2019, light fixtures, faucets, and shower heads - 2023, new paint throughout - 2025, garage door opener - 2023, heat tape installed on pipes - 2023, and the list goes on! If you love the water, this home is located in a cared-for community on the Fox River, featuring river access, a beach with lake access, and a newly renovated pool in 2024! The renovated community house features an exercise facility, a library, and a large meeting/entertaining space with a kitchen. The monthly lot rental includes lawn care, snow removal, use of the clubhouse, heated outdoor pool, fitness center, and stocked lake. Water and sewer are added to the rent monthly, as used. When considering the monthly lot rent, please consider that the property taxes are minimal and the amenities and services are many. Willow Lakes Estates Management must approve buyers. The requirements for residency are a 630 credit score, 3x the lot rent in monthly income, and a DTI of below 50. The application cost for Willow Lakes Estates is 50 dollars. This is an age-qualified community. The first buyer must be 55+, the second buyer must be 40+. Children are allowed for overnights but must not exceed 14 consecutive days. No rentals!
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| Aug 21, 2023 | Sold | ||
| Sold | |||
| May 11, 2023 | Listed by Suburban Life Realty, Ltd | $58,000 | |
| Listed by Suburban Life Realty, Ltd | |||
| May 10, 2023 | No longer available | - | |
| No longer available | |||
| Apr 26, 2023 | Price Decreased |
$75,000
↓ $5K
(6.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017