261 Bimini Road
About This Property
over the Thousand Islands. You'll enjoy relaxing in the refreshing pool or fishing and boating from your private dock. The interior features a split-bedroom floor plan, spacious living areas and an updated kitchen and main bath. Most windows and all sliders were replaced with PGT Impact Resistant
Glass for carefree storm protection. Vista view kitchen windows overlook the river and have Bahama shutters for added safety. The cul-de-sac location means no thru-traffic and an extra long driveway. To top it off, World Famous Cocoa Beach is just a few short blocks away!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2022 | Sold | ||
| Sold | |||
| Aug 16, 2022 | Listed by RE/MAX Aerospace Realty | $1,200,000 | |
| Listed by RE/MAX Aerospace Realty | |||
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About Cocoa Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017