120 Richards Road
About This Property
Built in 2022, this fully fenced-in home features 3 bedrooms, 3 full bathrooms, and a 2-car garage on a corner lot across from the ocean private beach access and Indian River access at the end of the block.
The open floor plan includes impact windows, luxury vinyl flooring, high-end stainless steel appliances, beautiful countertops and cabinetry, and a walk in pantry.
This home is close to two 18-hole golf courses, Sebastian Inlet, Melbourne Beach Pier, Publix, fine dining, shopping, airports, the Space Center, Port Canaveral, Cocoa Beach, Disney World, and more. Don't miss this opportunity. Schedule your showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 17, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Aug 10, 2025 | Price Decreased |
$875,000
↓ $24K
(2.7%) | |
| Price Decreased | |||
| Jul 22, 2025 | Price Decreased |
$899,000
↓ $26K
(2.8%) | |
| Price Decreased | |||
| Jul 5, 2025 | Relisted | $925,000 | |
| Relisted | |||
Property Highlights
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Price/ft²
Listed On
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About Brevard
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017