8731 MELROSE
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 |
|---|---|---|---|
| Dec 10, 2015 | Sold | ||
| Sold | |||
| Oct 26, 2015 | Listed by RE/MAX Associates | $145,000 | |
| Listed by RE/MAX Associates | |||
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Unique neighborhood, beautiful oak trees with detached garage . Large living area and dinning combination Home is in immaculate condition , open floor plan with 10 foot ceilings . Great back yard with patio, perfect for entertaining. Great landscaping with curb appeal at the end of cult-de-sac . Community playground and park, perfect for young family.
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| Sep 12, 2005 | Sold | ||
| Sold | |||
| Jul 22, 2005 | Listed by Phyllis Browning Company | $120,000 | |
| Listed by Phyllis Browning Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017