4485 El Dorado Way
About This Property
Solar Water heater replaced 10/20/2008....solar panels and pump replaced 2 years ago.
AC ducts replaced 2009
AC's are serviced every January
Electrical box was replaced and was improved from 150 AMP to 200 MP with room for added breakers
Oversized garage with AC for shop work (21 X 24)
Sed in backyard (12X16)
Kitchen remodeled and new tile floor
Wood burning fireplace
New trim and dental molding
Windows and sliders Miami Dade Hurricane rated (recently installed)
House is City water and septic (2 tanks, one east and one west of the house) Tanks are able to support a 4 bedroom home if someone wants to expand.
Septic is aerobic with lift station
Artesian well located behind list station by shed for lawn watering, etc.
Master flooring is bamboo
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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 Melbourne
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,800 /mo
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$1,995 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017