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109 Estrella Road
About This Property
Gorgeous, completely remodeled 3Br/2Ba home within a 5 minute walk to the beach. Located in highly desirable Melbourne Beach. Turn Key with many new improvements beyond cosmetic. High impact windows and doors, new water heater, new HVAC, new duct work, new irrigation well and much much more! Just the 9th house from the beach down a sandy path. 3 beach accesses including club house, playground and basketball court. Close to South Beach Community Center and Honest John's Fish Camp with boat storage. Just north of Sebastian Inlet's great surfing and fishing. Live in Paradise.
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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 Floridana Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017