2456 Colony Drive
About This Property
A Super Cute and Clean 2bed/2bath concrete block home with inside laundry room! This well-maintained home is all tile throughout and has 2 separate living areas, 1 with an electric fireplace, another that could easily be a 3rd bedroom! The spacious Kitchen has newer appliances, cabinets, granite countertops and is open to the dining area! You'll enjoy the screened in porch, and huge yard with plenty of space for kids/pets or to entertain. This adorable home is in a wonderful quiet, established neighborhood, located in the heart of Melbourne, close to the Eau Gallie Art District, Restaurants, Shopping Centers, Entertainment, just a short drive to Orlando International Airport & Theme Parks and minutes to the Beaches!
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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.
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About Colony West
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$2,000 /mo
- 2 Beds
- 2 Baths
- 1,000 ft²
$2,000 /mo
- 2 Beds
- 2 Baths
- 1,000 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017