9 Melissa Drive
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 17, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $269,900 | |
| Listed | |||
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Sitting pretty on a .65 acre lot in a neighborhood of similar homes. Enjoy the view of the large yard from the sun porch that leads to the kitchen with granite counters and a centre island. Kick off those shoes and leave them in the mudroom and leave the dirt behind. The floor plan offers versatility with a living room, dining room and a bedroom all on the first level. 1/2 bath/laundry combo room with good natural light throughout the home. Upstairs features 2 large front to back bedrooms and a full bath connecting to the master bedroom. Closet space and storage are plentiful in all areas of this home. Full basement with access to the outside. New boiler, windows, electrical and fresh paint. Enjoy entertaining your cousins and their cousins over a social bonfire in your private yard. The manager has listed the unit size as 1688 square feet.
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| Apr 30, 2018 | Listed by RE/MAX Insight/Manchester | $269,900 | |
| Listed by RE/MAX Insight/Manchester | |||
| Aug 30, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017