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7269 MELVIN Road
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 20, 2023 | Sold | ||
| Sold | |||
| Dec 9, 2022 | Listed by FLORIDA REALTY INVESTMENTS | $220,000 | |
| Listed by FLORIDA REALTY INVESTMENTS | |||
| May 10, 2021 | Sold | ||
| Sold | |||
| Mar 15, 2007 | Sold | ||
| Sold | |||
| Oct 27, 2006 | Listed by ASSIST2SELL 1st CHOICE REALTY | $119,900 | |
| Listed by ASSIST2SELL 1st CHOICE REALTY | |||
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CLEAN LIKE NEW, 3 bedroom 2 bath renovated home featuring new hot water heater, new 200 amp electric service, all new windows, and freshly painted throughout. Home will also have new carpet and new vinyl floors. Perfect home for 1st time homebuyer or rental property.
FLOORING AND NEW APPLIANCES WILL BE PLACED IN HOME PRIOR TO CLOSING.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017