2628 Reed Avenue
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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 |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | Listed by Melbourne Realty, Inc. | $369,900 | |
| Listed by Melbourne Realty, Inc. | |||
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Location, Location, Location! Three Bedroom, Two Bath Melbourne Home with over 2000 SFL under air on .31 of an Acre in Fabulous, Conveniently Located Neighborhood. Metal roof, Updated HVAC, Partial Solar, Oversized Side Entry 2 Car Garage, City Water/Sewer and Inside Utility Room. Updated Kitchen Offers Black Stainless Appliances, Loads of Cabinet/Counter Space and Pass Through to Florida Room. Sprawling, Tropical Backyard Offers Poured Deck, Sun Shade Awning and is Completely Privacy Fenced! Large Bedrooms! No HOA! Friendly, sidewalk safe community on the edge of Crane Creek Landing Golf Course, within walking distance to Florida Tech. 5-10 Minute drive to the Intracoastal Waterway, Beautiful Beaches of the Atlantic, Holmes Regional Medical Center, Melbourne International Airport, I-95 and US1. Competitively priced to reflect needed flooring and other minor cosmetic updates.
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| Dec 1, 2015 | Sold | ||
| Sold | |||
| Sep 8, 2015 | Listed by Keller Williams Realty Brevard | $169,900 | |
| Listed by Keller Williams Realty Brevard | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017