30
Map
462 Ormond Avenue
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 |
|---|---|---|---|
| Jul 13, 2023 | Sold | ||
| Sold | |||
| Feb 1, 2023 | Listed by TESORO REALTY | $280,000 | |
| Listed by TESORO REALTY | |||
| | |||
|
Under contract-accepting backup offers. AMAZING INVESTMENT OPPORTUNITY! CURRENT RENTER IN PLACE AT PRIME RENTAL RATE! $2150 per month! CAN’T MISS 4BR/2BA annual rental close to water in tranquil Merritt Island! This home has been COMPLETELY RENOVATED with shining all new floors, paint throughout, electric upgrades, and updated fixtures and finishes. Open floor plan is light and bright with a GORGEOUS showpiece kitchen, sparkling countertops and new appliances with space for a cozy breakfast nook. Rejuvenate in your spa like baths, spacious bedrooms, or out on the screen-enclosed lanai just waiting for your chaise lounge and grill! GREAT lot too with a private fenced backyard, perfect for tots and pets, and STUNNING views of the rocket launches at nearby Kennedy Space Center! CURRENT RENTER IN PLACE AT PRIME RENTAL
RATE. Lease in place until the end of 2023 Can be a long term renter! This one WON’T LAST!
| |||
| Oct 16, 2022 | No longer available | - | |
| No longer available | |||
| Sep 1, 2022 | Price Decreased |
$319,900
↓ $10K
(3%) | |
| Price Decreased | |||
| Jul 30, 2022 | Listed by RE/MAX Elite | $329,900 | |
| Listed by RE/MAX Elite | |||
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About Lucas Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017