70 Melody Drive
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 |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Price Decreased |
$775,000
↓ $24K
(3%) | |
| Price Decreased | |||
| Aug 9, 2024 | Listed by Insight Real Estate | $799,000 | |
| Listed by Insight Real Estate | |||
| | |||
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Welcome to 70 Melody Dr.a stunning, better-than-new home that's a must-see! Each bedroom features its own en suite bathroom, and there are two additional bonus rooms for added flexibility. The open-concept kitchen has abundant cabinet and counter space, which is perfect for entertaining. Located just a short drive from all that Wake Forest has to offer, this home also boasts a private backyard with no neighbors on the left. Photos dont do it justice, swing by & take a look! You wont be disappointed.
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| Apr 5, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017