2027 Mattison Drive NE
About This Property
This 2,100 sq ft home situated on .98 acres on a dead end street in NE Palm Bay. With no HOA, you have the freedom to park your trailers and boats in your yard! Recent updates include a new roof, gutters (2024) A/C (2018) annual maintenance performed (7/24). Enjoy the privacy of a fenced yard and the convenience of an oversized workshop off the garage complete with water and electric. This home features two hot water heaters, THREE sheds, double oven and a mix of tile, vinyl laminate, and cork flooring . TWO versatile bonus rooms can easily serve as an office/craft rooms. Priced accordingly to allow your own updates, this fantastic property, in a prime location is a great opportunity to create your dream home!
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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 4, 2024 | Sold | ||
| Sold | |||
| Sep 5, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Relisted | $375,000 | |
| Relisted | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Listed by Blue Marlin Real Estate | $375,000 | |
| Listed by Blue Marlin Real Estate | |||
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About Tropicana
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017