7 Melvin Rd
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 |
|---|---|---|---|
| Jan 16, 2015 | Sold | ||
| Sold | |||
| Sep 18, 2014 | Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. | $499,000 | |
| Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. | |||
| May 24, 2010 | Sold | ||
| Sold | |||
| Apr 1, 2010 | Listed by Berkshire Hathaway HomeServices Town and Country Real Estate | $394,900 | |
| Listed by Berkshire Hathaway HomeServices Town and Country Real Estate | |||
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Picket fence perfect. This is your new home! Well maintained home in popular neighborhood with easy access to rte 9 and other commuter routes. All the big ticket items are updated; roof, heating, electrical, plumbing, some windows. Hardwood throughout first floor. Two bedrooms and bath upstairs. Large living room with brick fireplace. Large picket fenced hard with perennial gardens. Lots of charm!
| |||
| Mar 16, 2010 | Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. | $394,900 | |
| Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. | |||
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