2920 Dairy Road
About This Property
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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 |
|---|---|---|---|
| Jul 8, 2025 | Listed by Non-MLS or Out of Area | $139,900 | |
| Listed by Non-MLS or Out of Area | |||
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Comp sale entry
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| Apr 5, 2025 | Price Decreased |
$139,900
↓ $20K
(12.5%) | |
| Price Decreased | |||
| Mar 4, 2025 | Listed | $159,900 | |
| Listed | |||
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Great location close to Melbourne Orlando International Airport, the Melbourne Square Mall, Downtown Melbourne and about 15 minutes to the beach, this lot is zoned R-A (Residential/Agricultural), which allows for two horses. The lot is also perfect for the car collector that wants to build a large detached garage or someone that would like to be able to have a large garden. Partially cleared and filled and the seller states that there will be no impact fee to build, as there was previously a home on the lot that was torn down (saving the buyer approximately $9,800). The seller also states that the septic permit fee has been paid (approximately another $950 in savings). The seller had his builder prepare two proposed home plans specific to this lot. City water is available.
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| Oct 26, 2018 | No longer available | - | |
| No longer available | |||
| Sep 4, 2018 | Listed | $165,000 | |
| Listed | |||
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Call Alan King for further information. 321.480.4673
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017