2942 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 |
|---|---|---|---|
| Sep 10, 2026 | Listed | $495,000 | |
| Listed | |||
| Aug 14, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 19, 2025 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jun 28, 2025 | Listed by Patridge Realty | $525,000 | |
| Listed by Patridge Realty | |||
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Better Than New Farmhouse Gem with preferred lender incentives! Step into this stunning farmhouse-style home, thoughtfully upgraded throughout for both style and function. From the gorgeous engineered hardwood floors to the upgraded tile and custom cabinetry, no detail has been overlooked. The heart of the home features a spacious kitchen with a generous island, added coffee bar with extra cabinetry, and fingerprint-resistant black stainless steel appliances-including a gas stove for the chef at heart. Enjoy the light-filled open floor plan, with south-facing patio doors that bring the sunshine in. Need a workspace? A custom-built office/study nook is ready for your daily tasks. The luxurious primary suite boasts a large bath with double vanity, upgraded tile floors, a massive walk-in shower, walk-in closet, and a charming custom barn door.Two additional bedrooms offer great space and natural light, complemented by a full bath with tub. Step outside into a beautifully landscaped backyard oasis-complete with cherry and peach trees, blueberry bushes, garden beds, and raised planters. Enjoy outdoor living year-round on the large, covered patio, plumbed with a gas line for your grill-say goodbye to propane tanks!The 3-car garage provides ample space for vehicles, storage, or hobbies. With a full sprinkler system in front and back, and meticulous upgrades throughout, this turnkey home is ready for you to move in and start living your dream!
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| Oct 14, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017