316 Banyan Way
About This Property
Nice 3/2 home with a few minutes walk to the ocean in desirable Melbourne Beach. Lots of potential!
Brick fireplace, fenced in yard, and 2 car garage make this an ideal home. Won't last- call to see this great home in a great neighborhood.
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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 |
|---|---|---|---|
| Jun 2, 2015 | Sold | ||
| Sold | |||
| Mar 12, 2015 | Listed by Tropical Breeze Properties | $299,900 | |
| Listed by Tropical Breeze Properties | |||
Property Highlights
Building Info
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About River Colony East
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$2,300 /mo
- 1 Bed
- 1 Bath
- 580 ft²
$2,200 /mo
- 2 Beds
- 2 Baths
- 1,020 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017