2472 Coconut Palm Drive
About This Property
Light floods this property and there is great flow to the space. Kitchen has ALL
NEW stainless steel appliances and flooring with plenty of counter space.
Primary bedroom is a nice size with a large closet.
Enjoy your coffee or a cocktail on airy screened porch. Detached shed houses your washer and dryer and has plenty of space for storage.
All new AC AND ductwork 2024.
Property is close to all- restaurants, groceries, and shops. Only 5 minutes to downtown and 11 minutes to the beach!
HOA offers amenities- use of clubhouse with kitchen and pool table, in-ground pool, tennis courts and shuffle board. There is a one time $1500 fee to join.
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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 Palm Bay Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017