3022 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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 1, 2025 | Price Decreased |
$514,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jul 11, 2025 | No longer available | - | |
| No longer available | |||
| Jul 8, 2025 | Listed by C3 Real Estate Solutions LLC | $524,900 | |
| Listed by C3 Real Estate Solutions LLC | |||
| | |||
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Take advantage of this move-in ready home within the new home community of Prairie Village! This home has several upgrades that your life easier from Luxury plank flooring throughout to zero scape in the backyard and a garage complete with overhead storage racks, epoxy flooring, and insulated walls. Complete with a beautiful front porch; large, covered back patio alongside a second, uncovered back patio! Extra custom cabinets have been installed throughout the house, creating extra storage in the places you need it most! Plus, don't miss the dog area in the study cubby near the backdoor, complete with gate and doggy door so that your best friend can easily access either space. A custom outdoor shed was built in 2024 for storage and can be easily relocated. This community was designed to take full advantage of open space, offering residents plenty of room to spread out and explore. Complete with thoughtful neighborhood amenities and proximity to shopping, dining, entertainment and more, all within a short walk from home, living here truly brings the best of all worlds. The surrounding area is complete with eight miles of trails as well as pocket parks over the entirety of the 2,000-acre master-planned community, providing ample open space for kids to play outside, an early morning run, or afternoon bike ride.
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| May 17, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017