2125 Misty Way Lane
About This Property
home in a beautiful subdivision in Sunny
Florida for only $239,000!! Adorable,
fully furnished home with two car garage in well maintained Melbourne subdivision of Misty Way complete with swimming pool, clubhouse, tennis courts & play ground! (Super, Low Maintenance fees are only $240. bi-annually!) Open floor plan with cathedral ceilings has everything you need! (Big, enclosed/screened porch/possible 3rd bedrm?) Super first home, retirement home, second home or investment! New roof in April 2021! This will not last long and low interest rates make it the opportunity of a lifetime! See it today!
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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