906 Merritt DR
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 |
|---|---|---|---|
| Sep 18, 2026 | Listed by Central Metro Realty | $490,000 | |
| Listed by Central Metro Realty | |||
| May 4, 2026 | Sold | ||
| Sold | |||
| May 1, 2026 | In contract | - | |
| In contract | |||
| Apr 12, 2026 | Listed by Fathom Realty | $260,000 | |
| Listed by Fathom Realty | |||
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Spacious 3 bed, 2 bath home with 2,027 sq ft on a large 0.25-acre lot in Lockhart. Features large rooms, no interior steps, and a functional single-story layout. Enjoy a big backyard with mature trees plus a two-car garage with workshop/utility space. Convenient to schools in quiet neighborhood. Great opportunity for investors.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017