3071 Rio Palma N
About This Property
" Ideally situated between the Melbourne & Eau Gallie Causeways
" Close to beaches, shopping, dining, and local favorites
Interior Features:
" Fully remodeled with new tile flooring throughout main floor
" Great Room with 20-ft ceilings, 3-panel transom windows, and wood-burning fireplace with built-ins
" Custom kitchen with newer stainless steel appliances, pantry, breakfast nook, and open layout
" Bonus game room ideal for billiards, darts, or home theater
" Dedicated office with abundant natural light
" Oversized bedrooms with walk-in closets
Primary & Guest Suites:
" Second-floor primary suite with private balcony
" Spa-style bath with soaking tub, double sinks, and separate shower
" TWO large walk-in closets
" First-floor guest en-suite with private entrance and sun patio
" Two upstairs bedrooms share updated full bath
Exterior & Structural:
" Freshly painted exterior with concrete block construction (main level)
" Concrete tile roof + recently sealed flat roof
Energy-efficient windows & shutters
" Circular driveway with 2+ car garage
Outdoor Living:
" Shaded corner lot with new sod and fenced backyard
" Well-fed irrigation system
" Paver patio for year-round outdoor living
" Updated electrical switches and receptacles
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017