316 Formosa Drive
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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 |
|---|---|---|---|
| Nov 5, 2019 | Sold | ||
| Sold | |||
| Sep 25, 2019 | Listed by Realty World Curri Properties | $349,900 | |
| Listed by Realty World Curri Properties | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $339,900 | |
| Listed | |||
| | |||
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LIGHT AND BRIGHT! CONCRETE 3/2 SPLIT PLAN AND A 2 CAR GARAGE! BLOCKS FROM THE OCEAN. SWEETEST STREET EVER IN COCOA ISLES. ESTABLISHED AND LOCAL. SEE ATTACHED LIST OF UPGRADES AND IMPORTANT DATES. THIS HOUSE IS READY FOR THIER NEW OWNERS IN DREAMY COCOA BEACH.DONT LET THE SQUARE FOOTAGE FOOL YOU ! FEELS SPACIOUS AND BRIGHT. SLIDERS FROM ALL ROOMS LEAD TO A HUGE BACK PORCH AND LARGE BACKYARD. PLENTY OF ROOM FOR A POOL ! The manager has listed the unit size as 1320 square feet.
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| Jun 4, 2018 | Sold | ||
| Sold | |||
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About Cocoa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017