430 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 | |||
| Sep 9, 2023 | Listed by Century 21 Mike Bowman, Inc. | $875,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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Welcome to your dream Hill Country retreat. This FULLY FURNISHED stunning property offers a perfect blend of modern living and natural beauty, making it an ideal escape to beautiful Possum Kingdom Lake. Nestled in a serene setting, the lake views and natural rolling hill country landscape is the perfect combination. This home boasts an open concept design that creates an inviting atmosphere for both residents and guests, you will never not have enough space. Generous sized bedrooms, two living spaces, circle driveway, short distance to marina and more! This is a must see. The Cliffs resort also offers 24hr security, sports complex, playground, championship golf course, restaurant, spa, marina and MORE.
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| Feb 17, 2022 | Sold | ||
| Sold | |||
| Dec 10, 2021 | Listed by Coldwell Banker Realty | $760,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017