2406 Mercer Drive
About This Property
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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 |
|---|---|---|---|
| Feb 6, 2023 | Sold | ||
| Sold | |||
| Nov 16, 2022 | Listed by Pastermack Real Estate | $315,000 | |
| Listed by Pastermack Real Estate | |||
| | |||
|
Don't miss this fully updated, move-in-ready, 3 bed/2 bath home incredibly located within walking distance to Florida Eastern State College, near interstate, shopping and just 20 minutes from the beach! This home is renovated to the point of practically new, featuring fully updated kitchen (Granite counters & Stainless appliances) and baths, (including the things you can't see like NEW internal PVC water lines) new Vinyl Plank floors, paint, and ceiling fans throughout. Many gingerbread details added like crown molding, chair rails and stylish barn doors. New metal roof, new AC, all new electrical fixtures with copper wiring upgrade, new breaker boxes and so much more! Also great outdoor entertaining space! Complete list of upgrades in addl. docs. Don't let this home pass you by!
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| Jul 21, 2022 | No longer available | - | |
| No longer available | |||
| Jul 6, 2022 | Price Decreased |
$325,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jun 24, 2022 | Listed by Property Marketers LLC | $329,900 | |
| Listed by Property Marketers LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017