1280 Highway A1a #APTE
About This Property
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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 |
|---|---|---|---|
| Feb 11, 2025 | Sold | ||
| Sold | |||
| Jan 12, 2025 | In contract | - | |
| In contract | |||
| Jan 4, 2025 | Price Decreased |
$360,000
↓ $15K
(4%) | |
| Price Decreased | |||
| Nov 13, 2024 | Price Decreased |
$375,000
↓ $20K
(5.1%) | |
| Price Decreased | |||
| Nov 10, 2024 | Price Decreased |
$395,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/05/2024
|
3 Bed
|
2 Bath
|
1422 ft²
|
$495,000
3 Bed
2 Bath
1422 ft²
|
$340,000
-31.31%
02/11/2025
|
Donna Gianotti-Kelley
Space Coast Realty & Inv. LLC
| |
|
05/12/2021
|
3 Bed
|
2 Bath
|
1422 ft²
|
$289,000
3 Bed
2 Bath
1422 ft²
|
$289,000
09/17/2021
|
Derrian Aversa
Florida East Coast Real Estate
| |
|
12/13/2019
|
3 Bed
|
2 Bath
|
1422 ft²
|
$240,000
3 Bed
2 Bath
1422 ft²
|
$238,000
-0.83%
03/27/2020
|
Stefanie Lattner
Keller Williams - Melbourne
| |
|
04/08/2015
|
3 Bed
|
2 Bath
|
1422 ft²
|
$170,000
3 Bed
2 Bath
1422 ft²
|
$170,000
06/24/2015
|
Kelli Braydene
RE/MAX Solutions
|
Building Info
About Satellite Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017