110 Ocean Oaks Drive
About This Property
Inside, high ceilings and abundant natural light create an airy, open feel, while the split floorplan offers privacy and flow. Built-in features add warmth and character, and the updated primary suite includes an oversized walk-in closet that feels more like a boutique than a bedroom. The kitchen features a gas range and natural gas service-perfect for home chefs who love to entertain.
Step outside and the mood shifts to pure relaxation. The screened-in back porch opens to a private pool and heated hot tub, surrounded by tropical landscaping and the soft sound of coastal breezes. The backyard feels like a spa-inviting you to unwind, host, and soak in the lifestyle. Recent updates include a new pool pump, water heater, and irrigation pump. And with Melbourne International Airport just minutes away, this beachside gem offers the perfect blend of serenity and connection. Rarely does a home feel this cozy, coastal, and completely dialed in.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017