3
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336 Patrick Circle
About This Property
Fantastic opportunity awaits the new owner of this diamond in the rough. Great convenient location in Melbourne. Nice neighborhood close to downtown Melbourne. Needs lots of work but the payoff could be sweet!!!! Cash Only!!!
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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 |
|---|---|---|---|
| Jul 9, 2023 | No longer available | - | |
| No longer available | |||
| May 10, 2023 | Price Decreased |
$288,800
↓ $16K
(5.3%) | |
| Price Decreased | |||
| Apr 18, 2023 | Listed by Re/Max Aerospace Realty Inc. | $305,000 | |
| Listed by Re/Max Aerospace Realty Inc. | |||
| | |||
|
Just totally renovated. Move in ready just bring your personal items. New large kitchen and appliances with butcher block countertops. New tile and vanities in the bathrooms.. New vinyl flooring through out the home. with new doors. New split A/C very efficient. mostly Impact windows. and new shingle new roof A/C . Centrally located just over the causeway to the beaches and close to downtown Melbourne. The manager has listed the unit size as 1324 square feet.
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| Jun 7, 2022 | Sold | ||
| Sold | |||
| May 22, 2022 | Listed by RE/MAX Aerospace Realty | $139,900 | |
| Listed by RE/MAX Aerospace Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017