61 MELBOURNE LN
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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 26, 2017 | Sold | ||
| Sold | |||
| Sep 20, 2016 | Listed by BHHS Fox & Roach-Princeton Junction | $146,000 | |
| Listed by BHHS Fox & Roach-Princeton Junction | |||
| | |||
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Fully rehabbed home in the Millbrook section of Willingboro with updated floor plan! 5 bedroom ranch with 3 Full Baths. 2 Beds and 1 Full bath on one side of the house while you have 3 beds and 2 full baths separated by the living room and kitchen on the other side. Floor plan features new flooring throughout, fresh paint, updated bathrooms and a brand new kitchen. Waiting for a families touch, your kitchen comes with a stainless steel appliance package, cherry cabinets and granite counter tops. The Living room and Dining room feature wood floors and a stone fireplace. This is a must see! Take advantage of up to 6% in sellers assist that's available to the lucky buyer when you place a full price offer* ***Price reduction for lucky new owner***
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| Oct 20, 2014 | Sold | ||
| Sold | |||
| Jan 31, 2014 | Listed by Weichert Realtors-Burlington | $69,900 | |
| Listed by Weichert Realtors-Burlington | |||
Property Highlights
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017