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2848 Basil Avenue
About This Property
appliances, abundant counter space, a pantry, a desk space, and an eating bar that allows family and guests to chat with the cook. A formal dining room is adjacent. The ensuite primary bedroom includes a large walk-in closet and both a soaking tub and shower in the bath. French doors lead from the kitchen
to the back patio, which is a bird-watcher's delight. Views from the patio include spectacular sunsets. All four bedrooms & the great room include ceiling fans, & tile floors throughout make for easy care. There's no Homeowner's Association and no restrictions on pets. Palm Bay, Florida is a vibrant Space Coast city offering something for everyone. As the largest city in'||chr(10)||'Brevard County, it offers a wide variety of indoor and outdoor recreation opportunities, as well as a'||chr(10)||'variety of art galleries, museums, and performing arts venues. Palm Bay is home to more than 40'||chr(10)||'festivals per year, celebrating everything from great music, to good food, to cultural diversity.'||chr(10)||'Palm Beach is considered to be Florida's golf capital, with private and public courses, plus hotel courses.'||chr(10)||'Horseback riding is available at Pine Creek Ranch. Nature lovers will find an abundance of walking trails'||chr(10)||'and wildlife sanctuaries. Several public boat ramps are suitable for launching kayaks, SUP's, or canoes.'||chr(10)||'Whatever you love to do, you'll have that opportunity in Palm Beach, and that even includes shopping.'||chr(10)||'You'll find numerous malls, brand-name stores, and small boutiques, all waiting to serve you. If dining is'||chr(10)||'your recreation, you'll find restaurants of every variety and price point here. Palm Bay enjoys a thriving'||chr(10)||'business community and excellent schools, including Eastern Florida State College. Residents also have'||chr(10)||'easy access to nearby cities like Orlando and Melbourne, as well as Cocoa Beach and Daytona.'||chr(10)||'And on top of all that, the people are darned nice!
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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 |
|---|---|---|---|
| Aug 22, 2023 | Sold | ||
| Sold | |||
| Jun 3, 2023 | Listed by RE/MAX Aerospace Realty | $350,000 | |
| Listed by RE/MAX Aerospace Realty | |||
| Nov 9, 2019 | No longer available | - | |
| No longer available | |||
| Nov 8, 2019 | Sold | ||
| Sold | |||
| Sep 22, 2019 | Price Decreased |
$193,000
↓ $6K
(3%) | |
| Price Decreased | |||
Property Highlights
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About Port Malabar
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