24
Map
2306 Melissa Drive
About This Property
Listed By
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 14, 2026 | Price Decreased |
$162,900
↓ $2K
(1.2%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$164,900
↓ $5K
(3%) | |
| Price Decreased | |||
| May 27, 2026 | Listed by Kelly, Realtors | $170,000 | |
| Listed by Kelly, Realtors | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/21/2024
|
2 Bed
|
1 Bath
|
1239 ft²
|
$195,999
2 Bed
1 Bath
1239 ft²
|
$199,000
+1.53%
10/31/2025
|
Leah Cox
JP & Associates Rockwall
| |
|
07/08/2022
| |
2 Bed
|
-
|
1239 ft²
|
$161,900
2 Bed
-
1239 ft²
|
$161,900
08/29/2022
|
Sue Milam Reed
Kelly
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017