15
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61246 Melton Trail
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 |
|---|---|---|---|
| May 17, 2026 | Listed by Joshua Tree Modern | $89,000 | |
| Listed by Joshua Tree Modern | |||
| Oct 14, 2024 | Listed | $135,000 | |
| Listed | |||
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Pristine 1.14-Acre Hillside Parcel: Located in Upper Friendly Hills with water and electric in the street. Walking distance to the Nature Preserve and only a short distance further to Joshua Tree National Park. Commanding views of both the Basin below and the ridgelines of the Park above.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017