2596 Third Avenue NE
About This Property
throughout the home, custom wood cabinets with granite counters, crown molding top and bottom of kitchen cabinets Stainless steel appliances. Triple sliders going out to a huge lanai area t cook and hang out. Master bathroom has his and her sinks with patterned stone shower pan and tiled walls. Nice sized half bathroom for guests and full bathroom with tub and tiled walls acting as your 2 bathroom. Upgraded fixture lighting, ceiling fans, faucets. Up-grade color selection for interior and exterior walls. Well landscaped with Full paver walkway and driveway. NO HOA!! GREAT AREA, central to EVERYTHING.. shopping, food, beaches, 2 minute drive to the boat ramp and cruise the river. PARK YOUR BOAT/TRAILER/RV ANYWHERE!! Home comes with a 2/1 builder warranty.
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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
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017