5818 Melville Lane
About This Property
Survey, Title and HOA are currently at Stewart Title. We were ready to close.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 15, 2021 | Sold | ||
| Sold | |||
| Aug 10, 2021 | Listed by Nicholson Premier Realty | $320,000 | |
| Listed by Nicholson Premier Realty | |||
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Buyers lost lending day before closing. Devastating. Immaculate Home in Clements Ranch, Forney ISD. Single-Story Home with 4 Bedrooms, 2 Bathrooms, 2 Car Garage and so much more! This home features open living with large kitchen, granite countertops that open into large living with fireplace. Large master suite with separate shower and tub. Sit on the front or covered back patio and enjoy the Texas nights. A large Ranch House has been preserved and converted into a full-featured community amenity center. Homeowners can take advantage of a resort-style pool, beautiful parks.
Survey, Title and HOA are currently at Stewart Title. We were ready to close.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017