413 Merlot Drive
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 |
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| Sep 27, 2023 | Sold | ||
| Sold | |||
| Aug 29, 2023 | Listed by Keller Williams Metropolitan | $310,000 | |
| Listed by Keller Williams Metropolitan | |||
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Welcome home to Martha's Vineyard! This 3 bed, 2 bath, 3 car garage property within a gated community is absolutely pristine and rivals new construction. An open concept floor plan with a study tucked off foyer. Kitchen features granite countertops, subway tile backsplash, under cabinet lighting, and Whirlpool SS appliances. The primary bath has a double vanity with separate tub and shower. Summer BBQ's will be enjoyed in the extended covered back patio with gas stub. Energy efficiency features include: Double pane low E windows, tankless water heater, 16 seer HVAC, and more. Washer and Dryer will convey. This home will not disappoint! Schedule your showing today!
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| Feb 18, 2021 | Sold | ||
| Sold | |||
| Sep 22, 2020 | Listed by RE/MAX Universal | $276,337 | |
| Listed by RE/MAX Universal | |||
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CLICK ON 3D INTERACTIVE VIRTUAL TOUR! GATED COMMUNITY!!! Welcome home to this beautiful 3 Bedroom, 2 Bath, with a 3 Car Garage. This home has a spacious OPEN CONCEPT FLOOR PLAN with Study and Dining Room that can be used as you wish. You will love the Kitchen with lots of cabinets with under the cabinet lighting, stainless steel appliances, and even a USB outlet. Blinds, Tile, and Carpet throughout. COVERED PATIO with gas stub, 110 electric plug, and fenced backyard. Front yard IRRIGATION SYSTEM. COST AND ENERGY EFFICIENCY FEATURES: 16 Seer HVAC System, Honeywell Thermostat, Pex Hot & Cold Water Lines, Radiant Barrier, Rheem® Whole House Tankless Gas Water Heater, and Vinyl Double Pane Low E Windows that open to the inside of the home for cleaning. Martha’s Vineyard will offer residents two large lakes, playgrounds, and splash pad. Alvin ISD.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017