34710 Melanie Drive
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 |
|---|---|---|---|
| Nov 16, 2023 | Sold | ||
| Sold | |||
| Oct 16, 2023 | Listed by RE/MAX Elite Properties | $420,000 | |
| Listed by RE/MAX Elite Properties | |||
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Welcome home to this beautiful one story ranch style home with a separate 620 square foot guest house situated on just over a half acre lot. The community of Kipling Oaks is where the city meets the country by offering large lots, an assortment of deer and wildlife and low taxes/HOA dues. Features include a wrap around front porch, recently replaced roof, large covered back patio, stainless steel appliances, gas stove, large island in kitchen open to living area, 42" cabinets, wood burning fireplace, crown molding, custom shower with two sinks in primary bath, walk-in closet, tankless water heater, storage shed and the list goes on.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017