31
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2230 King Richard Road
About This Property
Large fenced lot in the center of Melbourne and close to Eastern Florida State College. Roof replaced in 2018, entire interior is brand new. BRAND NEW: Water Heater, Luxury Vinyl Flooring, Cabinets, Windows, Plumbing Fixtures, Lighting, Doors etc. Just move right in to this turn key home. HUGE backyard for planting a garden, pets, extra storage, etc.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | In contract | - | |
| In contract | |||
| Aug 17, 2024 | Price Decreased |
$249,900
↓ $20K
(7.4%) | |
| Price Decreased | |||
| Aug 17, 2024 | Relisted | $269,900 | |
| Relisted | |||
| Aug 2, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017