43 Melrose 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 |
|---|---|---|---|
| Oct 9, 2020 | Sold | ||
| Sold | |||
| Aug 24, 2020 | Listed by RE/MAX at Barnegat Bay - Toms River | $289,888 | |
| Listed by RE/MAX at Barnegat Bay - Toms River | |||
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Come and see this beautiful totally renovated home with finishing touches. Located close to downtown TR convenient to GSP. Features 3BR 2 full bath, full partially finished basement with a huge family room or play room/ New kitchen with shaker cabinets and quartz countertop with arabesque backsplash. All SS appliances/ New baths/ New flooring/ New furnace, hot water heater and C/A. All new insulation in attic. New gutters, Brand new landscaping with new fence. A MUST SEE!!!
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| Jun 13, 2019 | Sold | ||
| Sold | |||
| Apr 17, 2019 | Listed by Veltri & Associates, Realtors | $110,000 | |
| Listed by Veltri & Associates, Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017