2616 Burns Avenue
About This Property
Ceramic Tile in Living Areas with Laminate in Bedrooms- no carpet. The Open Concept Kitchen is Equipped with Granite Countertops, Classic Cherry Cabinets, and SS Appliances. Lovely updated bathroom. Huge Family Room Opens Up to Large Screened in Patio that Makes a Great Additional Living Space. Fully Fenced Backyard Lined with Mature Mango Trees, Large Attached Storage/Shop Area Plus Indoor Laundry Makes this Home a Must See! Located in the Heart of Melbourne, this One Won't Last, Make Your Appointment Today!
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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 |
|---|---|---|---|
| Jan 25, 2023 | Sold | ||
| Sold | |||
| Nov 17, 2022 | Listed by Fathom Realty FL LLC | $229,900 | |
| Listed by Fathom Realty FL LLC | |||
| Dec 28, 2018 | Sold | ||
| Sold | |||
| Nov 13, 2018 | Listed by Coldwell Banker Paradise | $139,900 | |
| Listed by Coldwell Banker Paradise | |||
| | |||
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This nicely updated home offers three bedrooms and one updated bathroom. This home boasts a large family room, which opens to the screened-patio overlooking the fully fenced backyard with mango trees lining the back fence. Your storage needs will be met with the attached storage/shop area just steps outside the door. The bathroom has been nicely updated, along with all the flooring in 2013 & 2016 and the kitchen including granite counter-tops. An inside laundry room for your convenience is a luxury of this home. All appliances are included, so this home truly is turn-key and ready for you to move in and call it home.
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| Nov 9, 2018 | No longer available | - | |
| No longer available | |||
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About Bowe Gardens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017