1025 Lennox Way
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 25, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | In contract | - | |
| In contract | |||
| Jul 7, 2024 | Price Decreased |
$580,000
↓ $29K
(4.8%) | |
| Price Decreased | |||
| Jun 6, 2024 | Listed by Dale Sorensen Real Estate Inc. | $609,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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**Accepting Back-Up Offers.** OPEN FLOOR PLAN and LARGE KITCHEN in Suntree! stunning 4-bedroom, 2-bath home at 1025 Lennox Way, Melbourne, FL, is situated on a peaceful cul-de-sac. Enjoy the beauty of life with the sparkling salt-chlorinated pool and serene preserve views, perfect for entertaining on the spacious patio. Inside, natural light floods through the windows, highlighting the cozy double-sided gas fireplace and the large kitchen featuring 42-inch cabinets and stainless steel appliances. The versatile fourth bedroom can be used as an office or nursery.
Additional highlights include solar panels installed in 2020 that significantly reduce energy costs to $25 per month, fiber Internet, Rainsoft home water filtration system, an extended driveway with a golf cart garage, roof 2016, ac 2016, exterior painted 2018 and much more. Don't miss this opportunity to live in a beautiful home that combines comfort and efficiency!
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| Apr 30, 2020 | Sold | ||
| Sold | |||
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About Waterford Place
Similar Homes for Sale
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$2,995 /mo
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$2,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017