4635 Indian River Drive
About This Property
Here's your chance to own a piece of one of the Space Coast's most sought-after roads! This partially cleared 75' x 146' lot is located on the desirable northern end of Indian River Drive and carries the prestige of this scenic address without the restrictions of an HOA. Lot appears to be high and dry (no wetland or environmental tests have been performed) and offers plenty of space to design and build your dream home. Seller notes there may be potential for a river view with a multi-story build. Opportunities to purchase land along Indian River Drive at this price are becoming increasingly rare. Please note: no waterfront rights or access are included.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017