1015 Placid Drive
About This Property
Concrete block home with blown in foam for more energy efficiency. Open and airy.. 3 bedrooms with updated 1/2 bath in primary, fiberglass shower in finished laundry area Updated hall bath Updated Kitchen. Beautiful diamond ground and sealed terrazzo floors, that have never had carpet on them !! BRAND NEW AC UNIT. New windows. Fantastic 22x25 screened patio between the house and oversized 2 car garage with poured concrete walls. Hurricane panels. All new water pipes. Large fenced yard with sprinkler system. Metal carport, gas stove ......much more !!! Lots of local history on this street.close to major employers, downtonw Eau Gallie & Beaches
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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.
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About Melbourne
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$2,300 /mo
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$2,300 /mo
- 3 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017