23
Map
1797 Pace Drive NW
About This Property
Open living room/ dining room and sliding doors to the screened in back patio. Back yard is fenced for privacy. With the split bedrooms you can have a little privacy from your guests. No carpets, high ceilings, roof / gutters replaced in 2018/2019, A/C outside capacitor replaced in 2018, storm shutters, new kitchen counter tops, and new solar panels. Short drive to shopping, schools, Palm Bay Regional park, I95 and Ocean.
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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 Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017