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24102 Melina Lane
About This Property
A standout feature is the detached garage space equipped with a pool table and dart boards, creating a built-in entertainment zone rarely found at this price point. Whether you're looking for a primary residence, a vacation-style home, or an income-producing opportunity, this property delivers flexibility and value. Located in a desirable area with convenient access to shopping, dining, and major routes, this home checks all the boxes for comfort, lifestyle, and long-term potential. This has been a great AirBnB location with high returns.
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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 10, 2026 | Price Decreased |
$497,000
↓ $27K
(5.2%) | |
| Price Decreased | |||
| May 22, 2026 | Price Decreased |
$524,000
↓ $16K
(3%) | |
| Price Decreased | |||
| May 12, 2026 | Listed by Eaton Real Estate Company,LLC | $540,000 | |
| Listed by Eaton Real Estate Company,LLC | |||
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 11, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Wimbledon Falls
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$7,350 /mo
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$3,400 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017