320 Melbourne Trail
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 15, 2025 | Sold | ||
| Sold | |||
| Jan 2, 2025 | Listed by Century 21 Mike Bowman, Inc. | $1,199,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| Nov 7, 2024 | No longer available | - | |
| No longer available | |||
| May 10, 2024 | Listed by Century 21 Mike Bowman, Inc. | $1,255,500 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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Nestled in the serene enclave of the Cliffs Resort on Possum Kingdom Lake, this masterpiece of a home embodies luxury & tranquility. As you step inside, tall ceilings & expansive windows welcome you, giving each room an abundance of natural light & offering breathtaking views of pristine blue waters of the lake. The covered front & side porch provide an outside haven for relaxation, offering a perfect vantage point to savor the beauty of your surroundings. Inside, every detail exudes sophistication, from tall doors & ceilings to ornate decorative lighting, Hewn stone flooring, stainless steel appliances, 36 inch refrigerator; creating an ambiance of elegance & comfort. The unique tandem garage ensures ample space for your boat, car, or recreational vehicles. Each bedroom is a sanctuary unto itself, with its own private bathroom for ultimate convenience & privacy. Seize the opportunity to own this one of a kind, piece of paradise overlooking Neelys Slough.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017