3491 Melton 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 |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Nov 4, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Listed by Sarah Boyd & Co | $1,449,000 | |
| Listed by Sarah Boyd & Co | |||
| Dec 30, 2021 | Sold | ||
| Sold | |||
| Dec 10, 2021 | Listed by Sarah Boyd & Co | $1,175,000 | |
| Listed by Sarah Boyd & Co | |||
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Dream acreage backing up to Lake Ray Roberts Corp of Engineers Property. 4,800 Sq Ft shop with 1,200 sqft apartment, beautiful bathroom with a marble shower. 2 ponds on the property, one featuring a newly built steel pier dock. Access to miles of groomed lake trails, easy lake access and stunning view. House pad with septic and electric already in place ready for your dream home. Custom home and pool plans available. Shop features 2 automatic overhead doors, spray foam insulated, heated and cooled, craft-made fans, 50 AMP hookups, 20 x 100 overhang 20 x 60 overhang, custom outdoor lighting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017