844 Merion Drive
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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 |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | Listed by eXp Realty, LLC | $545,000 | |
| Listed by eXp Realty, LLC | |||
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Unique opportunity to own a single story updated home on the 17th green of Southern Oaks Golf. Relax & enjoy the spectacular views from living, kitchen, master suite, pool, or outdoor living areas! Meticulously maintained-Anderson window over master jetted tub, new windows throughout. Kitchen updated with can lighting, over, under cabinet lighting & beautiful leathered granite countertops! Everything anticipated in a custom built home! Burleson Schools. Study could also be used as a formal dining.
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| Feb 22, 2021 | Sold | ||
| Sold | |||
| Jan 5, 2021 | Listed by RE/MAX Trinity | $400,000 | |
| Listed by RE/MAX Trinity | |||
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Unique opportunity to own a single story updated home on the 17th green of Southern Oaks Golf course! Relax & enjoy the spectacular views from living, kitchen, master suite, pool, or outdoor living areas! Meticulously maintained-Anderson window over master jetted tub, new windows throughout-Oct 2016 & March 2017. HVAC replaced May 2018, Roof replaced Dec 2018. Kitchen updated with can lighting, over, under cabnet lighting & beautiful leathered granite countertops! Everything anticpated in a custom built home! Burleson Schools, Centennial High School. Study could also be used as a formal dining. Don't miss this opportunity! MULTIPLE OFFERS RECEIVED, MUST SUBMIT HIGHEST & BEST BY 2PM SUNDAY 1.10.2021.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017