245 Gray Road
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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 |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Feb 29, 2024 | Listed by Waterman Real Estate, Inc. | $425,000 | |
| Listed by Waterman Real Estate, Inc. | |||
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|
Beautiful remodeled all brick home located on private 7 acre lake which allows docks & small watercraft! Bring your gas powered boats or jet skis & fish this fully stocked peaceful lake. Super private location w/mature soaring oak trees. Picture perfect ''park like'' setting. Absolute must see. Pictures don't do it justice! All new kitchen w/white shaker cabinets, stainless steel appliances, subway tile backsplash, & Fantasy Brown granite countertops. New roof in 2022 & new AC in 2019. New complete water treatment system. Plenty of room for boat parking or RV's w/30 amp RV hookup. 20 x 10 workshop/garage w/concrete pad. Nice screened porch w/the most amazing tranquil lake views. Indoor laundry room. Hurricane shutters. Vault ceilings. Split bedrooms. Privacy fence. Special property & location that you don't see everyday. Plus excellent convenient West Melbourne location. Don't miss this opportunity!
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| Nov 28, 2022 | No longer available | - | |
| No longer available | |||
| Oct 10, 2022 | Price Decreased |
$499,900
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Sep 22, 2022 | Listed by Island Pace Realty | $525,000 | |
| Listed by Island Pace Realty | |||
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|
Wow! Don't miss out on this opportunity to own this beautiful updated 3 bedroom 2 bath home on over an acre (price includes 2 lots) in West Melbourne for under $500k! Enjoy the peaceful lakefront views from your screened in patio or adventure out and kayak, fish or go canoeing on the lake! Updated kitchen with white cabinets, new countertops & new appliances, new flooring throughout the home, indoor laundry, updated bathrooms, new roof & gutters (2022), hot water heater (2021), new water filtersystem filtered through a hydrogen peroxide and salt system, 30 amp RV hookup, irrigation system and a 20x10 1 car detached garage or workshop! Plenty of space for a pool, garden, boat, RV or trailer. Close to shopping, restaurants, beautiful beaches and great rated schools! Please call or text Dawn Klotz with Island Pace Realty for more information at 321-313-6404. The manager has listed the unit size as 1909 square feet.
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About June Park
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Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 853702
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