52-4-3 Melendy Road
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 |
|---|---|---|---|
| Apr 16, 2021 | Sold | ||
| Sold | |||
| Apr 6, 2021 | Listed by BHHS Verani Nashua | $90,000 | |
| Listed by BHHS Verani Nashua | |||
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Finally, an affordable opportunity to build your own home! This 2.94 acre lot is private and abuts conservation area. Melendy rd is a beautiful country road with easy access to rte 13 or 101. You are just 5 minutes from all the restaurants and shopping at the Milford Oval but immersed in nature. If you love outdoor recreation 1/2 a mile down the road you will find the Granite Rail Trail and the Rotch Town forest. On rte 13 you can pick up fresh produce at the year round Lull farm stand and grab an ice cream cone at Sundae Drive! So much to love about this location! This private parcel in Milford has an approved 4 bedroom septic design, all you need to do is bring your builder and start making your dream home come true.
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| Jun 21, 2019 | Sold | ||
| Sold | |||
| Mar 18, 2019 | Listed by Coldwell Banker Realty Nashua | $69,900 | |
| Listed by Coldwell Banker Realty Nashua | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017