537 Melbourne Street
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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 17, 2021 | Sold | ||
| Sold | |||
| Sep 22, 2021 | Listed by RE/MAX Signature Galleria | $295,000 | |
| Listed by RE/MAX Signature Galleria | |||
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Adorable light and bright bungalow with mother-in-law suite in back, detached garage, beautiful wood flooring, blocks from the metro-rail. Train downtown in 12 minutes! This could be your last chance to live in North Lindale at an affordable rate. Sip wine on your gorgeous recently remodeled deck. Beautiful wood floors recently updated, fresh paint, plenty of counter space, utility room in-house. Mother-in-law suite can be used as a game room or lady or man cave. Make it your own!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017