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447 Riverview Lane
About This Property
Rare opportunity to own a direct intracoastal property within the town of Melbourne Beach, in the desirable Harbor East community.
There is tremendous potential in this home to set up the lifestyle you have been dreaming of. Upstairs is a master suite spanning the entire length of the house. This generously-sized space, with a balcony at either end, provides a comfortable retreat from the demands of family life. Downstairs there are three more bedrooms, and also a bay-windowed dining room that could be used as a den or office. The large, open living room showcases the river view, while providing a fantastic space in which to entertain guests. Next to the cabana bath, there is a bonus craft room with double doors opening out to the garage. Ideal location within Harbor East! The back of the home faces west, toward beautiful sunsets, and away from much of the mid-day sun. Since the home is on a cul-de-sac, there will be no thru traffic.'||chr(10)||''||chr(10)||'The dock, boat house and seawall have recently been refreshed.'||chr(10)||''||chr(10)||'In the perfect location moments to Golf, Restaurants, Shopping, Parks and the Beach! A+ School zone - walk or bike to Gemini Elementary.
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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 Harbor East
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017