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2556 Wright Avenue
About This Property
Welcome to Fountainhead. A centrally located, well established Melbourne community with quick access to shopping, dining, schools and more. Lovingly cared for by the original owner this 3 bedroom 2 bath 2 car garage CBS split plan is perfect for the first time homebuyer or retirees looking to downsize. Come add your charm with fresh updates and make this charming home reflect your personal style.
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Cap Rate Calculator
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017