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1406 Paul Street
About This Property
This gorgeously remodeled pool home in the heart of Melbourne is priced to sell and won't last! Home features a new roof (3/22) and major appliances, flooring, paint, new kitchen and bathrooms, electrical fixtures, hurricane shutters, and over $15k in landscaping! The attached office space with separate entrance easily doubles as a fourth bedroom or guest room. Ample parking room for a large RV or boat through the upgraded double gate!
The fenced outdoor space is unmatched with an amazing, tropical entertainment space, a custom fire pit, oversized swimming pool, large patio area and outdoor grilling space!
Central to everything, this is the perfect location to call home!
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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 Leewood Forest
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$2,500 /mo
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$2,600 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017