2794 Nobility Avenue
About This Property
Upon entering, you'll notice the recently updated, highly durable large-plank wood flooring, soaring vaulted ceilings, and a functional Florida-style split floor plan--a refreshing alternative to today's cookie-cutter designs. The spacious kitchen serves as the heart of the home, featuring dual access points, abundant cabinet storage, stainless steel appliances, and a unique view through a span of large windows.
The layout is thoughtfully designed, with formal living and dining areas along with the primary suite on the right side of the home, while the family room and guest bedrooms/bath are positioned on the left--offering generous walk-in closets, privacy and function. Enjoy seamless indoor-outdoor living with a generous 372 sq ft covered patio, accessible through three sets of sliding glass doors from multiple areas of the home, including the guest bathroom. The fenced backyard provides both privacy and versatility.
Additional features and updates include:
AC replaced in 2021
Dishwasher, range, and disposal (2023)
Roof replaced in 2023
Impact windows installed in 2024 (partial shutters)
Garage door replaced in 2016
With a very low HOA of just $245/year, A-rated schools, and a prime location convenient to shopping, major employers in the aerospace industry, Melbourne International Airport, I-95, and area beaches--this home checks all the boxes.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017