1106 Myrtle Lane
About This Property
The functional floor plan offers comfortable living spaces, spacious bedrooms, and a large backyard with plenty of room to relax or entertain. Major updates provide peace of mind, including a 2022 HVAC system and a 2018 water heater, making this home ready for its next owner with no immediate major expenses.
Conveniently located near shopping, dining, schools, major roadways, and just a short drive to the Space Coast beaches, Port Canaveral, and Orlando attractions. With its solid concrete block construction, desirable layout, and excellent investment potential, this is an opportunity you won't want to miss.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017