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251 Naylor Drive
About This Property
flooring, and new hurricane rated windows and doors were installed during the 2018 remodel. The home's backyard facing wall is largely energy efficient windows, providing spectacular pool views and filling the interior with natural light. The yard is beautifully landscaped with raised garden beds, mango tree, avocado tree, cherry trees, banana trees, and various palm trees. The backyard is also fully fenced and includes a six-foot painted wood privacy fence on each side of the property. The property has low West Melbourne taxes and is ideally located, being three blocks from W. New Haven Avenue (Hwy 192), 4.5 miles from the airport, 9 miles from the beach and 4 miles east of interstate 95.
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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 Wood Haven Manor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017