2465 89th Drive
About This Property
Spanning over 10,000 square feet, this lot provides ample space to design and build your ideal residence. Situated in a friendly and welcoming neighborhood, this lot offers convenience and accessibility to nearby amenities, including shopping centers, schools, and dining options. Take advantage of the proximity to the stunning beaches of Vero Beach, where you can indulge in coastal living and create lasting memories. Don't miss out on this opportunity to transform this blank canvas into your dream home! Check it out today before its SOLD!
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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 West Vero Corridor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017