44
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256 Melrose Drive
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by RE/MAX Gold Coast-Beach Office | $1,399,000 | |
| Listed by RE/MAX Gold Coast-Beach Office | |||
| May 16, 2025 | Listed | $1,499,000 | |
| Listed | |||
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Seller willing to carry, rate depends on downpayment. Charming Beach House on Oversized Lot in SilverstrandLive the coastal dream in this inviting 3-bedroom, 2.5-bath home just steps from the sand, harbor, and local favorites in Silverstrand Beach. Located on a rare lot and a half, there's plenty of outdoor space to relax, entertain, or let the pups play.The gated front courtyard is perfect for BBQs and ocean breezes. Inside, the first floor features a private primary suite with its own fireplace and en-suite bath. Upstairs offers original wood floors, two more bedrooms (one with its own half-bath), a full guest bath, and a bright living area that opens to a dining nook and front deck--ideal for sunset views.Already a popular Airbnb, this home generated over $95,000 in rental income in 2024. Whether you're looking for a vacation home, full-time beach living, or an income-producing rental, this one delivers.Silverstrand is calling--come live like you're on vacation.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017