3905 Melbourne Street
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 |
|---|---|---|---|
| Sep 3, 2021 | Sold | ||
| Sold | |||
| Jul 29, 2021 | Listed by White Glove Realty | $249,000 | |
| Listed by White Glove Realty | |||
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Charming new construction home close to Downtown! Energy efficient with spray foam insulation, fine craftsmanship, and a large lot make this home great! 3 Bedrooms, 2 Bathrooms, spacious laundry room, open floor plan. Tile flooring throughout...no carpet. Kitchen features gas range, stainless steel appliances, beautiful finishes. Enjoy your coffee from the front OR back covered porch! Two mature trees shade the large back yard. Whole property is fenced and has a driveway gate for privacy. Custom carport has recessed lighting, beautiful wood ceiling, and is large enough to fit 6 cars.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017