3143 Old Edwards Road
About This Property
The lovely brick home features 3 bedrooms with 3 remodeled bathrooms; oversized 2 car garage; a new, tankless water heater; an upgraded home water treatment system; Metal roof; granite countertops in the kitchen; tile and wood floors; and, a mother-in-law suite with a kitchenette, family room and separate bedroom and bath. The property has a storm shelter; storage building; a large open barn; and a large garage workshop, all with electricity on a separate meter. As you are fishing on the banks of the river, take a moment to enjoy natures beauty by observing the Ospreys, Bald Eagles, Owls, the occasional manatee, and all of the creatures in this natural setting. All this wonderment is only minutes away from Fort Pierce's historic Main Street; Indian River Lagoon; and, the beaches.
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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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About Fort Pierce South
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 3 Beds
- 2 Baths
- 1,870 ft²
$1,800 /mo
- 2 Beds
- 1 Bath
- 712 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017