6514 MERLIN WAY
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 |
|---|---|---|---|
| Jun 17, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | Listed by Premier Realty Group Platinum | $275,000 | |
| Listed by Premier Realty Group Platinum | |||
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Beautifully maintained 4-bedroom, 2.5-bath home with 2,500 square feet of living space in a quiet community near Live Oak. Prime location with quick access to 1604, I-35, restaurants, shopping, Randolph AFB, and Ft. Sam Houston. This spacious home features multiple usable living and dining areas, upgraded flooring throughout, and NO CARPET. Enjoy a generous backyard with a covered patio-perfect for entertaining or relaxing. Thoughtful layout and convenient location make this a rare find at this size and price point.
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| Oct 29, 2010 | Sold | ||
| Sold | |||
| Aug 30, 2010 | Listed by Keller Williams Hill Country | $118,900 | |
| Listed by Keller Williams Hill Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017