8409 Melrose Ln
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 |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Nov 2, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Listed by Berkshire Hathaway HomeService | $799,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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Beautiful 5 Bedroom, 3 Bath home - with 2 Primary Bedrooms! One Primary upstairs & one Primary downstairs, making it perfect for multi-generational living. Living room is complete with soaring ceiling, fireplace & back yard access. Kitchen is open to dining area & family room and includes center island, gas stove & plenty of cabinet space. There are a total of 3 bedrooms downstairs & 2 bedrooms upstairs for the convenience of a large family. Wonderfully shaded back & side patio areas are a great place to spend time outdoors. Attached garages include a 2-car & 1-car garage for your parking & storage needs. Don't let this beauty slip away!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017