28
Map
3124 Indian River Drive NE
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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Price Decreased |
$179,000
↓ $6K
(3.2%) | |
| Price Decreased | |||
| Feb 27, 2024 | Listed by A & E Realty Brevard | $184,900 | |
| Listed by A & E Realty Brevard | |||
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Rare 3 bed/2 bath home built in 2006 with over 1100 living square feet. All new in 2023 Roof, Air condition, oversized storage /workshop, skirting, new plumbing under all sinks, 70-inch TV, furniture, including the front porch & fridge. In 2024, new microwave, cement pads in the front & back and professional rubber mulch. The seller has a brand new 2023 golf cart he would be willing to sell. The home also has walk-in closets & a newer hot water heater. There is an extra storage shed in the carport & no homes behind you. Palm Bay Estates features boat storage, RV parking, and kayak racks depending on availability for a fee. The community boat dock and boat ramp, heated pool, clubhouse, picnic area, lawn, landscaping, basic cable, and internet are all included in the HOA monthly fee. The home is perfect. All you need are your belongings, food, and a few fishing poles, and enjoy the Florida lifestyle. There is also a fish cleaning station, perfect to clean dinner before you take it home
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| Jun 27, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017