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385 Pine Boulevard
About This Property
Fantastic S.Merritt Island pool home located on a large .33 acre corner lot. Offering an updated kitchen with stainless steel appliances, cabinets, back splash, cozy breakfast bar and a large walk-in pantry. The home has light and bright flooring throughout, split bedroom plan and the hall bath has been updated. Nice screened back patio overlooking the newer saltwater pool and big fenced back yard with plenty of room for entertaining family and friends. The driveway is newly poured and if schools are important the elementary and middle schools are only blocks away. Centrally located to restaurants, shopping and more. Make an appointment today to see your new home!
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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 |
|---|---|---|---|
| May 16, 2018 | Sold | ||
| Sold | |||
| Aug 1, 2017 | Listed by C. Apollo Realty Inc | $234,900 | |
| Listed by C. Apollo Realty Inc | |||
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About Island Beach Sheet
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017