39 Melvin Avenue
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 |
|---|---|---|---|
| Mar 14, 2018 | Sold | ||
| Sold | |||
| Oct 6, 2017 | Listed by Century 21 Mario Real Estate | $239,900 | |
| Listed by Century 21 Mario Real Estate | |||
| Sep 14, 2017 | Sold | ||
| Sold | |||
| Jan 5, 2007 | Sold | ||
| Sold | |||
| Apr 18, 2006 | Listed by Armstrong Field Real Estate | $219,999 | |
| Listed by Armstrong Field Real Estate | |||
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MOTIVATED SELLER - looking for offers. Swampscott Line! Great De-Leaded s/f - condo alternative. Brand new vinyl siding and shutters, newer thermo windows and deck, updated electric panel. Hardwood and ceramic tile floors. Eat-in Kitchen. Enclosed front porch. Partially fenced yard. Near busline and commuter rail station - walking distance to beach. Washer/Dryer to be left as gifts Make it your own!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017