5525 Merritt Drive
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 |
|---|---|---|---|
| Sep 20, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | Listed by Muir West Realty | $1,149,950 | |
| Listed by Muir West Realty | |||
| Jun 24, 2023 | No longer available | - | |
| No longer available | |||
| May 19, 2023 | Listed by Muir West Realty | $1,159,999 | |
| Listed by Muir West Realty | |||
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Welcome to this stunning 3279 sq.ft. home with 4 spacious bedrooms PLUS an office! Located in an outstanding neighborhood on the Clayton border. The impressive great room is perfect for entertaining, with a fireplace, fun bar area & doors leading out to the back yard. A remodeled gourmet kitchen with gorgeous labradorite countertops, Miele double ovens & custom walk-in pantry. Formal living room features a 2nd fireplace. Large primary bedroom w/walk-in closet & oversized custom walk-in shower. 3 additional spacious bedrooms & 2nd bath with two separate vanities. Engineered hardwood flrs, dual zone HVAC, 3 Car garage + RV Parking. Wander the back yard enjoying the multiple decks & fruit trees. Don't miss your opportunity to make this house your dream home. The manager has listed the unit size as 3279 square feet.
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| May 9, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017