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1541 Lime Drive
About This Property
Located on a quiet cul-de-sac in Beautiful Melbourne Florida located just minutes from pristine the beaches.
This property is located on the Eua Gallie River with access to the intercoastal waterway (portage at the church approx. 2 miles downriver.
Great Kayaking, Canoeing paddleboarding and fishing.
This home features many updates and upgrades:
Pool resurfaced 2020, Pool deck resurfaced 2020, All new pool equipment including solar heating 2020
Lania upgrade 2020, Fences 2021, Completely new A/C unit install including new duct work through out with U/V light installed 2020
Dock and stairway new 2021, Kitchen remodeled 2020 including all new appliances, 2 full size refrigerators, Extra Lg spice cabinet Bathrooms Remodeled 2020, All new porcelain tile floors 2021'||chr(10)||'All new lighting 2020, New shed 2021, Dock and stairway new 2021'||chr(10)||'4 miles to the beach'||chr(10)||'23 miles to Cape Canaveral'||chr(10)||'50 miles to Orland, Fl
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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%.
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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.
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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