4813 Academic Lane
About This Property
Come fall in love with this big, beautiful 5 bedroom, 3 full bathroom POOL home tucked in the back on a cul-de-sac in West Melbourne's desirable Cypress Landing community. This one has it all! Open concept layout is big, bright and airy w/tall ceilings and abundant natural light. The kitchen is a chef's dream: SS appliances, granite counters, great storage, & kitchen island w/bar seating. Perfect for parties! The upstairs owner's suite is your private oasis with huge living space and 5pc bathroom. Full bathroom and bedroom downstairs can be office or guest suite. 2018 construction is safe, strong, and efficient w/cheap insurance too.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017