35
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245 Mcclain Drive
About This Property
West Melbourne 3 bedroom, 2 bath home that has lots of open square footage for family living. Front living space can be dining room and living room formals, living space in the rear of the home can be family room and flex space. Use your imagination to make the flow of the home uniquely yours. High ceilings, newly painted, newer a/c, newer stainless steel - great location. Back yard is fully fenced, neighborhood has sidewalks and curbs.
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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 |
|---|---|---|---|
| Aug 10, 2020 | Sold | ||
| Sold | |||
| May 6, 2020 | Listed by AHR Real Estate | $245,000 | |
| Listed by AHR Real Estate | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Jun 20, 2018 | Listed | $235,000 | |
| Listed | |||
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Nice spacious home located in super convenient West Melbourne subdivision. Located just steps from the Melbourne Square Mall & centrally between the beach & I95. Modern open floor plan w/high vault ceilings & split bedrooms. Brand new carpet throughout home. Trussed screened porch overlooking privacy fenced back yard w/shading oak trees & no house behind you. Eat-in kitchen w/new stainless steel appliances, opening to large family room. Formal living & dining rooms. Master has garden tub & separate shower. Newer AC. Great curb appeal w/mature oak trees. Nice neighborhood in the best location close to everything! The manager has listed the unit size as 1865 square feet.
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| Jun 2, 2009 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017