245 Allan Lane
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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%.
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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.
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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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Mar 21, 2024 | Listed by Salt Water Realty of Brevard | $495,000 | |
| Listed by Salt Water Realty of Brevard | |||
| | |||
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Build your new home on Brevard County's Barrier Island. The Perfect OVERSIZED Lot on the Perfect OCEAN TO RIVER-LOW TRAFFIC Lane- in the Desirable area of Unincorporated Brevard- MELBOURNE BEACH. Long Riverfront Pier just a few lots to the West and Deeded Ocean Access just a few blocks to the East. Underground street power, City Water available. Located north of Driftwood Plaza Publix, 3.1 miles from the little town of Melbourne Beach - Bike Trail for miles North and South. A1A is only a 2 lane Scenic Highway. Flood Zone X elevation ( the best in Melbourne Beach. Zoning is RU-2-8 on the S. side of Allan Lane. See map in Documents and in Pictures.
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| Jul 15, 2021 | Sold | ||
| Sold | |||
| Apr 16, 2021 | Listed by Melbourne Beach Properties,Inc | $399,000 | |
| Listed by Melbourne Beach Properties,Inc | |||
| Feb 6, 2019 | Sold | ||
| Sold | |||
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About Brevard
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017