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4630 Sand Point Road
About This Property
Inside, this 3-bedroom, 2-bath concrete block home offering 1,918sq ft with a split-bedroom floor plan, high ceilings and a comfortable, open feel. The home has been exceptionally well cared for and is ready to enjoy as-is or update over time to make it your own.
Outside is where this property really shines. Enjoy the screened pool, pond views, mature landscaping, cleared and fenced acreage, large gates and a detached shed for additional storage. AU zoning provides added flexibility and room to enjoy a lifestyle beyond the typical residential lot.
Major improvements include New Metal Roof in 2014, A/C in 2020, New Well in 2024 and Accordion Hurricane Shutters. Just minutes from the Indian River, boating and fishing, 4630 Sand Point Road brings together acreage, privacy, flexible use and the laid-back coastal lifestyle Grant-Valkaria is known for.
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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 Canaveral Groves
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$2,550 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017