3056 Melody Lane
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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Listed by Re/Max of Chico | $595,000 | |
| Listed by Re/Max of Chico | |||
| Sep 24, 2025 | Price Decreased |
$625,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Nov 12, 2024 | Listed | $645,000 | |
| Listed | |||
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Lakefront Retreat! Nestled on the scenic shores of Little Grass Valley Reservoir, this charming 3-bedroom, 2-bathroom home offers a tranquil escape. Step inside to a cozy cabin ambiance with rich wood-paneled walls, high open-beamed ceilings, and a spacious living area complete with a cozy wood stove to warm up those chilly evenings. The kitchen features crisp white cabinetry, generous counter space, and a gas range, perfect for bringing your culinary ideas to life. This inviting home includes 3 comfortable bedrooms, 2 spacious bathrooms, an upstairs loft for additional sleeping arrangements, ceiling fans throughout, convenient indoor laundry, a back-up generator and bonus storage area. Enjoy mornings or evenings on the outdoor porch, taking in beautiful lake views or walk-out onto your very own private dock and soak up the sun. If you are looking for a summer getaway to recharge, this lakefront gem is ready for you. Don’t let this opportunity pass by!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017