14
Map
308 5th Avenue
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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 |
|---|---|---|---|
| Mar 19, 2020 | Sold | ||
| Sold | |||
| Aug 31, 2016 | Sold | ||
| Sold | |||
| Jul 15, 2016 | Listed by RE/MAX Elite | $349,900 | |
| Listed by RE/MAX Elite | |||
| Aug 27, 2014 | Sold | ||
| Sold | |||
| Jun 28, 2014 | Listed by Non-MLS or Out of Area | $259,000 | |
| Listed by Non-MLS or Out of Area | |||
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Charming coastal style 3 bedroom 2 bath pool home in the heart of Melbourne Beach. Updated kitchen with recycled glass countertops and stainless steel appliances. Fully renovated bathrooms. Large saltwater pool with tropical landscaping. Walk to beach, river access, shops and restaurants.
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About Melbourne Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017