28084 Mellman Road
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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 3, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Mar 18, 2024 | Listed by Waller County Land Co. | $225,000 | |
| Listed by Waller County Land Co. | |||
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This stunning lot is a rare find, offering a perfect blend of space, tranquility & convenience. Nestled in a serene location, this well-drained property presents an opportunity to build the home of your dreams. With essential groundwork completed, including clearing, entrance & non-climb dog-proof fencing, this lot is ready for immediate development. Restricted to residential only and 2000 SF minimum (see attached restrictions). Start building your dream home without delay! This lot ticks all the boxes. Don't let this gem slip through your fingers!
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Last Updated: 6 months ago
Data Source: HAR , MLS# 10598129
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017