433 Miami Avenue
About This Property
The detached 2-car garage is connected to the main home by an arched, gated breezeway, offering both architectural beauty and privacy. An attached side carport provides covered parking with direct access to the laundry room, perfect for unloading groceries. Outdoor living is exceptional, with a screened back porch for year-round dining, a lush garden with a tranquil waterfall pond, a backyard swing, and a charming pergola for al fresco meals.
Set on a .33-acre lot, this 3-bedroom, 2.5-bath home blends warmth, quality, and thoughtful updates in one of Indialantic's most walkable, desirable locations. Just steps from the beach and the Indian River, and only ten minutes from Melbourne Orlando International Airport, this location offers the perfect balance of coastal beauty and convenience.
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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%.
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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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About Indialantic by The Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017