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175 Melaleuca Drive
About This Property
Outside, the beautifully landscaped yard features swaying coconut palms, an artesian well, and a full irrigation system to keep everything lush year-round. The fully fenced backyard offers privacy, while the generous parking setup includes a garage, carport, wide driveway, and extended side parking-perfect for your boat or RV.
With no HOA, you're within walking distance to top-rated schools, the Indian River, shopping, the recreation center, post office, and Patrick Space Force Base.
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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 South Patrick Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017