3821 Peacock Drive
About This Property
One of a kind custom Mediterranean
Style lakefront home is light & bright w/ soaring ceilings & architectural details. Great lake views & huge heated pool w/spa. 1st floor has master suite & pvt guestroom w/ bath. 2nd floor includes top of the line soundproof Home Theater, 2 more bedrooms plus 5th BR currently used as office. Over $100K in mature professional landscaping, including 2 huge Canary Island Palms. Tranquil private lakefront includes deck & sand beach. Community amenities include tennis courts & lakefront Party Pavillion with playground. Great family neighborhood in outstanding school district. Minutes to historic downtown Melbourne, with shops, cafes & multiple dining choices. Minutes to I95, beaches and golf. YOU CAN HAVE IT ALL!!! ALL!!!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017