31 Leonard Road
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 |
|---|---|---|---|
| Aug 31, 2012 | Sold | ||
| Sold | |||
| Jul 11, 2012 | Listed by RE/MAX Heritage, LLC | $337,500 | |
| Listed by RE/MAX Heritage, LLC | |||
| Oct 31, 2008 | Sold | ||
| Sold | |||
| Aug 19, 2008 | Listed | $359,900 | |
| Listed | |||
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Immaculate Cape Cod Style home located on a quiet tree-lined street yet steps to transportation and trendy downtown Melrose. Updated kitchen features all newer appliances,cabinets,countertops and floor. Updated bath. Other features include:replacement windows,alarm system,deck,new front stairs and walk-way,new fence in rear yard. The first floor bedroom is currnetly being used as a den. This home is in move-in condition and is a commuter's dream...leave the car at home!
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| Oct 13, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017