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1796 Live Oak Street NE
About This Property
Inside, wood-look flooring flows from the open living area into a kitchen with stainless steel appliances, granite-style counters, and tiled backsplash. The primary suite is a comfortable retreat, and the updated bath includes a tub/shower combo with a grab bar. A long screened Florida room adds extra living space, perfect for morning coffee or an afternoon hobby.
Palm Bay Colony's HOA is voluntary and unlocks a community pool, pickleball/tennis courts, and clubhouse. Quiet and well-kept, close to shopping and dining, and a short drive to the Indian River and Brevard's beaches.
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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