17
Map
429 Franklyn Avenue
About This Property
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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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Listed by Waterman Real Estate, Inc. | $675,000 | |
| Listed by Waterman Real Estate, Inc. | |||
| |||
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Very popular and highly sought after neighborhood. Close to the beach, river, shopping and numerous popular restaurants. Indialantic Elementary and Hoover Middle School are walking distance away. The back yard is large enough for a pool with plenty of room to spare. Water heater and well pump were just replaced. There are hurricane panels for most windows.
| |||
| Nov 30, 2015 | Sold | ||
| Sold | |||
| Nov 9, 2015 | Listed by Stanley Homes LLC | $309,900 | |
| Listed by Stanley Homes LLC | |||
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About Piper Palm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017