3 Melwen Drive
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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Listed by Weichert Realtors-Toms River | $385,000 | |
| Listed by Weichert Realtors-Toms River | |||
| Oct 17, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $208,500 | |
| Listed | |||
| | |||
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MASSIVE PRICE REDUCTION!!! STEAL THIS HOUSE BEFORE SOMEONE ELSE DOES! Absolutely perfect ranch on a large lot in the heart of Forked River. All the work has been done! Beautiful hardwood floors through out living area. Gorgeously updated kitchen with brand new cabinets, granite counters, full stainless appliance package, glass tile backsplash, and recessed lighting. Open concept living area is perfect for entertaining or hanging with the family. Double sinks in renovated bathroom. Freshly painted deck overlooks large, private fenced-in yard. Beautiful new driveway is the cherry on top of this fantastic home. New roof, too! A gem that you don't want to miss! Call today!
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Property Highlights
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About Forked River
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017