37471 Melrose Drive Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 13, 2018 | No longer available | - | |
| No longer available | |||
| Oct 5, 2018 | Listed | $449,000 | |
| Listed | |||
| | |||
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Gorgeous remodeled two-bedroom, two-bathroom property on a large corner lot. The open floor plan is ideal for entertaining. The kitchen features quartz counter-tops, stainless steel upgraded Samsung kitchen appliances and includes a five-burner gas stove. This mid-century home has all of the modern-day conveniences with a chic and contemporary feel. The master bedroom retreat features a walk-in closet & a stunningly designed tiled shower with dual shower heads. The state-of-the-art pool was added this past year. The pool has a lap pool and side section with a tanning shelf and spa. There are incredible mountain views too! Solar panels were installed last year and are owned. Custom wrought iron gates were also added last year. Mechanicals, roof, heating, ventilation, and air-conditioning tile floors, carpeting, dual-pane windows and sliders are all newer. The manager has listed the unit size as 1232 square feet.
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| Jul 15, 2016 | Sold | ||
| Sold | |||
| May 24, 2016 | Listed by HomeSmart | $95,000 | |
| Listed by HomeSmart | |||
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About Sunair
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$4,000 /mo
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- 1,714 ft²
$3,960 /mo
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- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017