19
Map
315 Island Drive
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 |
|---|---|---|---|
| Dec 12, 2024 | Listed by One Sotheby's International | $429,000 | |
| Listed by One Sotheby's International | |||
| Jan 24, 2024 | No longer available | - | |
| No longer available | |||
| Jan 19, 2024 | Listed by Dale Sorensen Real Estate | $350,000 | |
| Listed by Dale Sorensen Real Estate | |||
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This fully cleared lot is priced to sell fast, so call today. The highly sought after beachside community of Riverside Landing offers private access to the sandy beaches and a private walkway to fish and enjoy sunsets on the Intracoastal Waterway. The lot is .32 acres and wider than most lots available in the area now. Hiking, biking surfing, fishing and so much more to love in Melbourne Beach, Florida. The south beach area is known as one of the western hemispheres busiest sea turtle nesting beaches. Boasting award winning schools, abundant nature preserves and a quiet relaxed atmosphere make it perfect for families, retirees, and working professionals. Come and see this beautiful location before it is gone!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017