49 Melody Avenue
About This Property
with stainless appliances, durable quartz counter top, and amazing storage space, with pull-out drawers. 4- zone heat (hot water baseboard upstairs/radiant heat in floors downstairs), 12 closets, crown moldings, recessed lighting, all Andersen windows, totally renovated downstairs bath with twin sinks, double stall shower, quartz counter top, and large jetted soaking tub (all bathrooms have double sinks and double
heater lamps), laundry room with lots of beautiful, wood closets; master bedroom with ensuite bath.
Oversized garage has two 9' (insulated) automatic doors and extensive storage cabinets; oversized
driveway and garage can accommodate 6 cars, fenced-in yard with large shed, money-saving solar panels
with low monthly fee are a bonus. Located on a dead-end street with underground utilities, so no
unsightly poles and wires (entire neighborhood to be repaved in the spring), near Brick Hospital and minutes to GS Parkway.
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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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| May 20, 2024 | In contract | - | |
| In contract | |||
| May 20, 2024 | Relisted | $649,900 | |
| Relisted | |||
| May 18, 2024 | In contract | - | |
| In contract | |||
| Feb 10, 2024 | Listed by RE/MAX Elite | $649,900 | |
| Listed by RE/MAX Elite | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017