406 SE Cardinal Trail
About This Property
One of the largest lots in the community - just shy of 1/2 acre. 3/2/2 with Workshop and Dock (AS IS)..
Renovated pool home has huge lanai with outdoor shower and recent updates that include:
Roof 2006, Pool resurfaced 2012, A/C in 2013, Kitchen and Master Bath Cabinets and Counters 2015, Wood-look Tile Flooring 2015. Hurricane Protection for windows and sliders.
Workshop, Wood burning fireplace, 2 Car Garage and Covered Patio and Screened Lanai adding amazing outdoor living area. You'll love this relaxed neighborhood with gorgeous homes, Low HOA dues and minimal restrictions. Dock AS IS and requires repair. Located near I-95; mins to the beach, Downtown Stuart, too.
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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 1, 2022 | No longer available | - | |
| No longer available | |||
| May 27, 2022 | Sold | ||
| Sold | |||
| Apr 9, 2022 | Listed by TradeWind Real Estate Corp | $499,000 | |
| Listed by TradeWind Real Estate Corp | |||
| Aug 31, 2016 | Sold | ||
| Sold | |||
| Jun 13, 2016 | Listed by TradeWind Real Estate Corp | $278,000 | |
| Listed by TradeWind Real Estate Corp | |||
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017