28
Map
417 Melrose Way
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 26, 2020 | Sold | ||
| Sold | |||
| Sep 2, 2020 | Listed by Keller Williams Realty Central Monmouth | $299,900 | |
| Listed by Keller Williams Realty Central Monmouth | |||
| Dec 18, 2018 | Sold | ||
| Sold | |||
| Oct 1, 2018 | Listed by Theobald Properties LLC | $239,900 | |
| Listed by Theobald Properties LLC | |||
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3 Bedroom 1 Bath Ranch home with a full basement and a detached one car oversized garage! Terrific condo alternative at the right price! Kitchen has wood mode solid oak cabinets. Nice size 75 x 100 lot with plenty of possibilities. Close to Rt. 35 & 18 & The Garden State Parkway. Don't miss this one.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017