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1370 Cogan Drive SE
About This Property
Built in 2022 with 2,196 square feet under air, this 5 bedroom, 3 bathroom residence delivers effortless living in SE Palm Bay. The amazing split floor plan creates distinct zones for maximum privacy between all occupants.
Inside, tile flooring that looks like wood flows through every room. The updated kitchen features stainless steel appliances, beautiful cabinets and an open space to gather. Modern updates carry into every bath, anchored by a master suite with a walk in shower and double sinks.
Situated high and dry, this home includes solar panels for reduced electrical bills and absolutely no HOA. Park your boat or RV right at home with total peace of mind.
The backyard has plenty of room for a pool, while the two car garage handles your vehicles and extra storage.
Enjoy fast access to Malabar Road, Bayside Lakes shopping, major employers via the Heritage Parkway, and Atlantic beaches just 25 minutes away.
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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.
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About Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017