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3190 Aurora Road
About This Property
Welcome to PARADISE! Get lost in the privacy this home brings. From the time you turn into the driveway you'll feel like you've gone down a country road. The massive driveway will take you to several parking areas under mature canopy oaks. This over 2000 SF 3BD 2BA Pool home has it all with 3BD, 2Bath 2 Car Garage, real wood flooring and Accordion shutters over every window and even enclosing the back porch area. Roof, A/C & water Heater all new! Accordion shutters over every window. Wired for generator hookup and generator in the shed stays! Massive yard and no HOA to worry about so you have the freedom to store whatever you want in this MASSIVE over ¾ Acre lot. Fully fenced in back yard is a true gem of a find These don't come around very often especially in this price range. LOCATION LOCATION..... This is in the heart of Melbourne and close to Harris, Northrop Grumman, Melbourne Airport, Downtown Melbourne and the beaches. Not far from Orlando!
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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.
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About Indian River Groves and Gardens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017