3165 Weber Road
About This Property
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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.
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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 |
|---|---|---|---|
| Oct 18, 2019 | Sold | ||
| Sold | |||
| Jan 9, 2019 | Listed by Non-MLS or Out of Area | $329,313 | |
| Listed by Non-MLS or Out of Area | |||
| Mar 29, 2018 | Sold | ||
| Sold | |||
| Nov 13, 2016 | Listed by SouthStar Realty Assoc. Inc. | $65,000 | |
| Listed by SouthStar Realty Assoc. Inc. | |||
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PRICE REDUCED!! Due to the discovery of wetlands the property is drastically reduced. The zoning is Rural Residential RR 65 so horses, other grazing animals & chickens are allowed & there is plenty of room for RVs and boats. This spacious lot is on a paved road and is close to 2 fire stations, Palm Bay Hospital, The Indian River, US 1, I-95 & the post office. It has 2011 culvert, a 2.5 inch capped free flow well, a power pole on the property and another across the street. This property is located in Flood Zone X so Flood Insurance will probably not be required by a lender. There is room for a pond which may provide some of the fill dirt for the house pad. The Survey and environmental map are included in the listing Documents Tab at the upper right side of the listing.
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Property Highlights
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Price/ft²
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About Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017