50 Melody 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%.
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 12, 2014 | Sold | ||
| Sold | |||
| Jul 8, 2014 | Listed by ERA American Real Estate | $254,000 | |
| Listed by ERA American Real Estate | |||
| Apr 12, 2013 | Sold | ||
| Sold | |||
| Dec 19, 2012 | Listed by Dr Horton Realty Inc | $248,230 | |
| Listed by Dr Horton Realty Inc | |||
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New Construction located in the Symphony neighborhood at Hammock Bay. Seller to pay up to $7500 in total closing costs and prepaids through preferred lender. Home features Granite counter tops in Kitchen and Granite Countertops in Baths, a Double Car, attached front Entry Garage, low maintenance 4 sided brick exterior, 9' ceilings, Stainless Steel GE Appliances, Gas Fireplace, additional recessed can lights, flood lights, Island with Granite, cabinets in the laundry and irrigation System with well plus more. HOA Fees include HOA mandatory Basic Cable. Hammock Bay is located in a Community District Development to ensure the highest quality of infrastructure for years to come! WHAT ARE YOU PAYING IN RENT??? Own this home today with lowest interest rates!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017