318 Hibiscus
About This Property
the heart of Melbourne Beach, close to beach access and downtown.
Split floor plan second bedroom with full bath. Updated Kitchen and baths.
Screened pool with large back yard.
This home is ready for a new family to move in.
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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 |
|---|---|---|---|
| Mar 5, 2014 | Sold | ||
| Sold | |||
| Aug 26, 2013 | Listed by One Sotheby's International | $369,000 | |
| Listed by One Sotheby's International | |||
Property Highlights
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About River Colony East
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017