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1426 Hillcrest Drive
About This Property
Kitchen features wood cabinetry, tile backsplash, stainless steel appliances. Primary suite has vaulted ceilings, wood-look tile floors, a tiled shower/tub, and double sinks. Laundry room is equipped with cabinets for storage and includes a dryer. Brand new water heater. Pool resurfaced 2019. Storage shed. No HOA fees or rules! Excellent central Brevard location, just off Eau Gallie Blvd with quick access to I-95 and only 4 miles to the beach! Walk to Crane Park with playground, dog park and ball fields. Close to the Eau Gallie Arts District area with boutiques, art galleries, waterfront dining, cafes, craft brewery, yoga studio, and more!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017