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1011 Grapefruit Road SE
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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 |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by RE/MAX Elite | $319,900 | |
| Listed by RE/MAX Elite | |||
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Discover this fantastic 4-bed, 2-bath home in desirable SE Palm Bay! On city water, this home blends modern style with practicality. The open floor plan features vaulted ceilings, creating a spacious, airy atmosphere. Tile floors throughout the main living areas & cozy carpet in all bdrms. The kitchen is a chef's dream with espresso cabinets, solid counters, a center island & SS appliances. The primary bdrm is a true retreat with his & hers closets & an ensuite bath offering double sinks, a walk-in shower & a linen closet. Ceiling fans in every bdrm ensure comfort year-round. Inside laundry and a 2-car garage add convenience. Step outside to the trussed porch for relaxation, & enjoy peave of mind w/ the added security of hurricane shutters, ring door bell, gutters and wall termite treatment system. With the septic on the east side, there's plenty of space to add a pool in the backyard—perfect for Florida living! Enjoy this incredible opportunity to own a home that truly has it all!
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| Jul 8, 2020 | Sold | ||
| Sold | |||
| Apr 22, 2020 | Listed by NextHome Platinum | $216,900 | |
| Listed by NextHome Platinum | |||
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About Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017