1140 Highway 1
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 13, 2021 | Sold | ||
| Sold | |||
| Jul 13, 2021 | In contract | - | |
| In contract | |||
| Jun 29, 2021 | Listed by Broker305.com | $900,000 | |
| Listed by Broker305.com | |||
| | |||
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The Red Roof Indian River Front home in Malabar on US1 with a foot dock and 2 story Red Roof pier with a sundeck that stretches over 200 feet on to the Indian River is Available! The lucky new purchaser has the opportunity to live on 61,855 SF of land which includes Indian River front land. Features on the exterior include Hurricane Proof Metal Roof, Hurricane Grade Doors in front and back, High Impact windows throughout, pavers leading all the way to the house from US1 in addition to hundreds of feet on the side of the house and leading to an enormous Gazebo. Gazebo and surrounding area has great views of the Indian river for entertaining. This home is a popular property amongst short term rental websites for extra income. All on a 1.41 acre lot. The manager has listed the unit size as 3835 square feet.
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| Jun 12, 2021 | Listed by RE/MAX Solutions | $900,000 | |
| Listed by RE/MAX Solutions | |||
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About Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017