395 Melbourne Trail
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 |
|---|---|---|---|
| Dec 19, 2023 | Sold | ||
| Sold | |||
| Jul 31, 2023 | Listed by Coldwell Banker Realty | $1,699,000 | |
| Listed by Coldwell Banker Realty | |||
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Nestled in the highly sought-after Neely Slough, this two story luxury lake home embodies elegance and comfort. The bottom floor showcases two beautifully appointed bedrooms, bathroom, walk in wine cellar, an inviting fireplace and a stylish wet bar. The main floor greets you with breathtaking floor-to-ceiling windows that offer panoramic views of the picturesque lake, sunlight pours in illuminating the beautiful kitchen and living space with its warm glow. Ascending the spiral staircase you'll discover a versatile loft allowing for customization to suit your desires. Transform it into a private sanctuary for quiet reflection or utilize it as an additional sleeping. Additionally, this home comes fully furnished with tasteful and high-quality pieces making it move-in ready! Property also features a 35x35 2 story dock complete with 29x11 boat slip with drop cover and two PWC lifts. Water depth off of the end of the docks is currently 41 feet!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017