1535 Alpha Drive
About This Property
Due to safety hazards, the home can't be walked through.
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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 |
|---|---|---|---|
| Oct 10, 2022 | Sold | ||
| Sold | |||
| Sep 15, 2022 | Listed by EXP Realty LLC | $90,000 | |
| Listed by EXP Realty LLC | |||
| Aug 2, 2022 | No longer available | - | |
| No longer available | |||
| May 8, 2022 | Listed by Coldwell Banker Coast Realty | $258,900 | |
| Listed by Coldwell Banker Coast Realty | |||
| | |||
|
2 Lots side by side, Next to High School. Last 2 lots on dead end street. Combined, over 1/2 acre for possible build of Singe Family or Duplex, Area Has possibilities, 1 lot Vac undeveloped, 1 has improvements of well water and septic. Confirm with BC Building Dept for your preferred use.
| |||
| Apr 5, 2022 | Listed by EXP Realty LLC | $129,900 | |
| Listed by EXP Realty LLC | |||
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017