235 Deer Run Road
About This Property
The beautiful heated saltwater pool has a sunshelf, fountains and LED lights with a large screened in deck. Not only is there a 3 car garage but also a 1500 sf detached garage w/ RV doors... to store all your toys! Fully insulated with RV hookup and ceiling fans.'||chr(10)||'Low HOA fee of $230 a year. The community includes a Clubhouse, picnic area, tennis/pickleball/basketball court, riding arena and round pen.'||chr(10)||'Melbourne airport 30 minutes away. Beaches are 40 minutes away.'||chr(10)||'Come live the Deer Run Dream!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017