4585 Papaya Street
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 |
|---|---|---|---|
| Dec 4, 2023 | Sold | ||
| Sold | |||
| Oct 23, 2023 | In contract | - | |
| In contract | |||
| Oct 4, 2023 | Listed by Orlando Realty & Property Mgt. | $499,000 | |
| Listed by Orlando Realty & Property Mgt. | |||
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Fully renovated 3 bedroom 2.5 bathroom home in Canaveral Groves. Pool home with an oversized barn is located on a 1 acre lot. All renovations completed 4 years ago include; new roof, hot water heater, AC and ducts, all new windows, electrical panel, soft close cabinets, countertops, stainless appliances, flooring, full bathroom updates, lighting and ceiling fans. The interior features an open layout, an updated kitchen with quartz countertops, luxury vinyl planks, a farmhouse sink, views of the enclosed pool, split floorplan with walk in closets in every bedroom. Outside has a finished 30x30 shop with a newer roof, concrete floors, and fresh exterior paint, RV hook newer composite decking on the front and back of home. This home has been meticulously maintained and will not last long!
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| Sep 8, 2023 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Sep 1, 2023 | Listed by RE/MAX Elite | $525,000 | |
| Listed by RE/MAX Elite | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017