2845 Merlin Dr
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 31, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2024 | In contract | - | |
| In contract | |||
| Jun 5, 2024 | Price Decreased |
$499,900
↓ $15K
(2.9%) | |
| Price Decreased | |||
| May 18, 2024 | Price Increased |
$515,000
↑ $15K
(3%) | |
| Price Increased | |||
| Apr 30, 2024 | Listed by RE/MAX Momentum | $499,900 | |
| Listed by RE/MAX Momentum | |||
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Welcome home and enjoy living in this like new ranch floor plan that has so much more to offer than the new build homes! At the front of the home, you'll find two bedrooms separated by a full bathroom. Toward the back, there's a well-appointed kitchen nestled between an elegant dining room and generous great room that overlooks a fully fenced and landscaped back yard through an extra long sliding doors with a tech center provided for added convenience! The laundry is located near the primary bedroom, which has a large walk-in closet and a private bath. In back is a large covered patio in addition to and additional patio that has a sidewalk to the yard gate which adds extra room for relaxing or entertaining! Come see this beautiful home that is move in ready! * SELLER WILL PAY UP TO $10,00 IN CONCESSIONS TOWARD BUYER CLOSING COSTS *
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017