706 Melissa 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 |
|---|---|---|---|
| Mar 7, 2022 | Sold | ||
| Sold | |||
| Nov 21, 2021 | Listed by Keller Williams Experience | $230,000 | |
| Listed by Keller Williams Experience | |||
| | |||
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You can say goodbye to stairs with this wonderful 3 bed/1 bath Ranch! This home is located on a corner lot with a large fenced-in yard, patio, and plenty of space for family and pets! The large kitchen has new counters, a range and a backsplash. The breakfast nook sits by the bay windows right next to the dining area. The master bedroom has a walk-in closet with built-in storage organizers. There is new vinyl flooring garage door, washer and dryer and newer siding. Close to highways, The Promenade, various shopping, and restaurants. This home sits on a slab foundation with no basement. Corner lots with a big yard like this one are hard to find, schedule your showing before it's gone.
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| Jun 28, 2017 | Sold | ||
| Sold | |||
| Apr 8, 2017 | Listed by Wheatland Realty | $179,000 | |
| Listed by Wheatland Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017