5 MELROSE LANE
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%.
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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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 12, 2025 | In contract | - | |
| In contract | |||
| Feb 3, 2025 | Listed | $379,900 | |
| Listed | |||
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Welcome to this beautifully renovated rancher, offering a spacious and versatile layout perfect for comfortable living. This charming home features 3 generously sized bedrooms and 2 full baths, including a private en-suite in the main bedroom for added convenience. The extra-large living room provides plenty of space for relaxation and entertainment and can easily accommodate a living/dining room combo if desired. The bright eat-in kitchen is perfect for casual meals, while the attached one-car garage adds both storage and convenience. Ideally located near major highways, this home offers easy access to shopping, dining, and more. Don’t miss out on this move-in-ready gem—schedule your showing today!
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| Feb 28, 2022 | Sold | ||
| Sold | |||
| Jan 25, 2022 | Listed by BHHS Fox & Roach-Medford | $172,000 | |
| Listed by BHHS Fox & Roach-Medford | |||
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If you are looking for a home with good bones to make your own this is the one for you! This rancher has 3 nice size bedrooms, 2 full baths (one in the main bedroom), an eat-in kitchen, extra large living room or a living room dining room combo. Along with a garage that has NOT been converted. Has a newer roof, several windows have been upgraded, new water heater (2020) . It also has a fenced rear yard that has no trees. Home is being sold in as-is condition. Buyer responsible for CO.
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About Burlington
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$2,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017