335 Richards Road
About This Property
Split Floor plan with a beautiful driftwood screened porch, which is Legendary in this quiet close-knit beachside community and known as ''The Driftwood Inn''. New Roof , A/C , and water heater. Terrazzo flooring underneath. 3 bedrooms, 2 baths, 2 car garage. Utility Sink. Screened porch. Shed. Outdoor Shower. Working on the sprinkler system New Roof , A/C , and water heater. DEEDED Ocean and River Access & Just a 2 minute walk down to the River with boat launch. Ocean access is fenced with Covered Overlook and Built-in Benches. Split Floor Plan ,
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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 16, 2020 | Sold | ||
| Sold | |||
| Apr 4, 2020 | Listed by EXP Realty LLC | $345,000 | |
| Listed by EXP Realty LLC | |||
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About Brevard
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Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 872665
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017