18
Map
407 4th Avenue
About This Property
balconies,soaring ceilings & french doors are just a few of the highlights. Grand master w/morning kitchen,custom walk in closet,private balcony & luxurious en suite. Tropical secluded green space to rival a fine resort. Heated salt water pool, cabana bath, 5 hole putting green & large lanai w/dining & entertaining area. All this located in the coveted Melbourne Beach School district.
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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 |
|---|---|---|---|
| Dec 18, 2017 | Sold | ||
| Sold | |||
| Oct 17, 2017 | Listed by RE/MAX Olympic Realty | $759,900 | |
| Listed by RE/MAX Olympic Realty | |||
| Jun 16, 2016 | Sold | ||
| Sold | |||
| Apr 15, 2016 | Listed by RE/MAX Olympic Realty | $729,000 | |
| Listed by RE/MAX Olympic Realty | |||
| May 1, 2013 | Sold | ||
| Sold | |||
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About Melbourne Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017