59
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400 Richards
About This Property
Situated in the sought after, community of Melbourne Beach, this home offers all the perks the Florida lifestyle has to offer. Close proximity to Brevard's best schools and private beaches. This home is undergoing repairs from a chimney flashing leak and can be purchased at a lower price now if buyer wants to take-over repairs.
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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 |
|---|---|---|---|
| Feb 16, 2021 | Sold | ||
| Sold | |||
| Dec 19, 2020 | Listed by One Sotheby's International | $1,500,000 | |
| Listed by One Sotheby's International | |||
| Nov 8, 2019 | No longer available | - | |
| No longer available | |||
| Oct 22, 2019 | Listed | $1,190,000 | |
| Listed | |||
| | |||
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You will love this stunning, water-front residence with incredible views of the Indian River. This 4-bedroom home invites comfort and exudes elegance. Incorporating a beautiful newly renovated gourmet kitchen, bright & open living spaces, a spacious master suite, and a gorgeous backyard courtyard - featuring a sizable pool and plenty of room to relax and entertain. Enjoy your evening taking in the awe-inspiring sunset from your private backyard. Situated in the sought after, family-friendly community of Melbourne Beach, this home reflects the personality of those who are accustomed to all the perks Florida lifestyle has to offer. Close proximity to Brevard's best schools and private beaches. The manager has listed the unit size as 3572 square feet.
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| Sep 3, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Majorca South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017