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111 Deleon Road
About This Property
Constructed from sturdy concrete block, this two-bedroom, two-bathroom residence boasts a solid foundation and timeless durability. As you step inside, you're greeted by a light-filled living space with endless potential. The open layout invites you to unleash your creativity, whether you're envisioning a sleek modern makeover or a cozy coastal retreat.
Sliding glass doors beckon you to step outside onto the patio, where water views and gentle breezes create an idyllic backdrop for outdoor living and entertaining.
With a one-car garage and additional storage space, there's plenty of room to store your watercraft and tackle for endless days of fishing, boating, and water sports. Whether you're setting sail for a day on the river or embarking on a leisurely cruise to downtown Cocoa Beach, the possibilities are endless.
While this home may be a diamond in the rough, its prime location and solid construction make it a rare find with unlimited potential. Whether you're seeking a peaceful waterfront retreat or an investment opportunity in one of Florida's most sought-after coastal communities, this property offers the chance to create the home of your dreams.
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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 |
|---|---|---|---|
| Mar 20, 2024 | Sold | ||
| Sold | |||
| Feb 9, 2024 | Listed by C. Apollo Realty Inc | $699,900 | |
| Listed by C. Apollo Realty Inc | |||
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About River Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017