32 Melvin 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 |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Aug 7, 2024 | Listed by Barrett Sotheby's International Realty | $1,075,000 | |
| Listed by Barrett Sotheby's International Realty | |||
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Welcome to this impeccably maintained 3-bedroom, 2.5-bath New England Cape, nestled in a sought-after neighborhood close to the Winchester line. The remodeled kitchen, featuring granite countertops, an island, recessed lighting, and a pantry, opens to both the dining room and the family room w/fireplace. This home boasts a fabulous first-floor primary suite with a dressing/sitting area and a second floor featuring two spacious bedrooms with ample closet space and a half bath and hardwood floors beneath the carpets. The walkout lower level includes a game/family room, a bath, and plenty of storage in the unfinished space. A deck and private backyard provide a perfect setting for entertaining, and the grounds are beautifully landscaped. Additional features include central A/C, a 1-car garage, and ample parking. Conveniently located close to amenities, top-rated schools, parks, playgrounds, shopping, and dining.
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| Jun 11, 1973 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017