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4077 Mallard Drive
About This Property
Nestled in the tranquil neighborhood of Windover Farms of Melbourne, this charming block home offers a beautiful inground screened pool, a 3 year young roofing system, 2023 Hot water heater, and a 2021 HVAC and duct system. With solid bones and a spacious layout, it's easy to see the immense potential this property holds. The generous floor plan features multiple living areas, well-proportioned bedrooms, and abundant natural light, creating the ideal foundation for modern upgrades.
The home is situated on a large lot with mature landscaping, providing ample space for outdoor living or expansion.
This home is located in Windover Farms, a prestigious community featuring a collection of custom homes spanning across 940 acres. Windover Farms offers the perfect blend of convenience and tranquility. Situated just minutes from shopping, top-rated schools, entertainment, beaches and golf courses. An atmosphere to dream of.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017