241 ASHLEY LAKE Drive
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 |
|---|---|---|---|
| Jul 18, 2023 | Sold | ||
| Sold | |||
| Jun 5, 2023 | Listed by HELEN HERSEY REALTY | $235,000 | |
| Listed by HELEN HERSEY REALTY | |||
| Nov 30, 2009 | Sold | ||
| Sold | |||
| May 28, 2008 | Listed by HELEN HERSEY REALTY | $161,000 | |
| Listed by HELEN HERSEY REALTY | |||
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Lovely A-frame fronting Ashley Lake in Melrose set on fenced 1.3 acres. Woodsy setting with magnolias, dogwoods, azaleas, ferns, oak and pine, part lawn, part natural setting. Home has wood cabin accents, but is light and bright with fresh white paint throughout, professionally cleaned carpet, baths, and kitchen. New vinyl flooring in separate laundry room.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017