1466 Herndon Circle
About This Property
Inside the home, the open floor plan makes the most of the water views with plenty of windows and sliding glass doors throughout the kitchen, living room, family room, and dining area. The screened-in patio provides multiple seating areas, a koi pond, and ample space for outdoor dining. The backyard is a blank canvas waiting for your personal touch, with plenty of room for a pool. It already has a dock with long-lasting composite planks and a concrete seawall.'||chr(10)||''||chr(10)||'The living room features exposed wood beams and breathtaking river views through massive windows, while the fully renovated kitchen boasts modern white cabinets, quartz countertops, and pantry with pullout shelves. The master bedroom features a renovated ensuite with a wheelchair accessible walk-in shower/tub and conveniently located home office. The family room offers 180-degree views of the bay, a wood-burning fireplace, and plenty of space for large family gatherings. There is also a guest suite with a renovated private full-bath, perfect for hosting visitors.'||chr(10)||''||chr(10)||'The home is adorned with tastefully selected luxury vinyl plank flooring, and additional features include two large ultra-sweet mango trees (varieties: Glenn and Kent), a one-car garage with bonus storage, a large driveway with extra parking, a flex-room connected to the guest suite, partial perimeter fencing, no HOA, and an HOA-free community lot with pier/dock located on the opposite side of the Point. Don't miss this opportunity to experience the best of riverfront living!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2023 | Sold | ||
| Sold | |||
| Mar 29, 2023 | Listed by WRA Real Estate Solutions | $750,000 | |
| Listed by WRA Real Estate Solutions | |||
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About Palm Bay Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017