71 Melrose Drive
About This Property
Enjoy the serene backyard with golf course views. This home is perfect for those who love outdoor activities like boating, fishing, and golfing. You'll also enjoy easy access to local amenities, shopping, and dining options. Don't miss out on this fantastic opportunity to own a beautiful home in the prestigious master planned community of Bentwater! Roof is 4 years old, furnaces, AC units, water heaters and cooktop are 3 years old.
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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 |
|---|---|---|---|
| Oct 10, 2024 | Sold | ||
| Sold | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 3, 2024 | Listed by Coldwell Banker Realty - Greater Northwest | $399,000 | |
| Listed by Coldwell Banker Realty - Greater Northwest | |||
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Golfers dream great INVESTMENT OPPORTUNITY! Lowest price in the neighborhood! Beautiful property located just minutes away from Lake Conroe. This is home offers a perfect blend of comfort and elegance with its spacious floor plan and beautiful surroundings. The modern kitchen boasts granite countertops, stainless steel appliances, and a breakfast bar, ideal for cooking and casual dining. The master suite is a true retreat, complete with a luxurious en-suite bathroom featuring a soaking tub, separate shower, and a walk-in closet.
Enjoy the serene backyard with golf course views. This home is perfect for those who love outdoor activities like boating, fishing, and golfing. You'll also enjoy easy access to local amenities, shopping, and dining options. Don't miss out on this fantastic opportunity to own a beautiful home in the prestigious master planned community of Bentwater! Roof is 4 years old, furnaces, AC units, water heaters and cooktop are 3 years old.
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| Aug 14, 2024 | No longer available | - | |
| No longer available | |||
| Aug 6, 2024 | Price Decreased |
$414,900
↓ $15K
(3.5%) | |
| Price Decreased | |||
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About Bentwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017