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4330 Silver Lake Drive
About This Property
Don't miss this 3-bedroom, 2-bath home in Melbourne's desirable Silver Lake Estates! Key updates include a 4-year-old roof, along with a 2-year-old HVAC system and water heater-plus storm shutters for added peace of mind. Inside, the split-bedroom layout offers privacy, while the separate living and dining areas make everyday living feel organized and comfortable. There's no carpet anywhere in the home-low-maintenance flooring throughout. The spacious primary suite features dual sinks and a jetted tub/shower combo, perfect for relaxing at the end of the day. Step out to the screened back porch and enjoy the Florida breeze. The kitchen offers a pantry, generous cabinet space, and direct access to the 2-car garage. With excellent storage and a functional layout, this home fits a variety of lifestyles. Conveniently located near shopping, dining, I-95, and just a short drive to the beach!
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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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About South Lakes
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$2,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017