2637 Burns Avenue
About This Property
Lots of privacy behind the home. Centrally located in Melbourne. Close to shopping, dining, schools, beach. 10 min to the Melbourne Airport, 1 hour to Orlando!
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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 |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Mar 22, 2024 | Listed by Denovo Realty | $229,900 | |
| Listed by Denovo Realty | |||
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Come witness the charm of this awesome piece of mid century beauty! This modest home is well appointed with new vinyl flooring, a remodeled bathroom and kitchen, and a fresh coat of paint. You will be welcomed by the front porch with its tongue and groove ceiling, and two large sidelights. The amount of natural light in this home leaves you feeling serene and if that isn't enough, the nice shady backyard space will definitely do the trick. Access the laundry room from the rear, in the utility room housing the newer electrical panel, ac, and water heater. The roof is recently replaced making this little beauty ready for its new owners!
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| Dec 2, 2021 | Sold | ||
| Sold | |||
| Nov 13, 2021 | Listed by EXP Realty, LLC | $185,000 | |
| Listed by EXP Realty, LLC | |||
| Nov 24, 1993 | Sold | ||
| Sold | |||
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About Bowe Gardens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017