485 Newport Drive
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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 |
|---|---|---|---|
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jun 27, 2018 | Sold | ||
| Sold | |||
| May 30, 2018 | Listed | $549,999 | |
| Listed | |||
| | |||
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Move in condition! Beautiful 4 possible 5 bedroom home with pool, tile roof, updated bathrooms and kitchen, new carpet in all bedrooms, tile throughout rest of home. Guard/gated community, The Cloisters is a great place to call home. Community has tennis courts, pool and clubhouse. Walking distance to the beach, 6 miles to Melbourne Orlando airport, ''A'' rated schools too! Call or text listing agent, Lynn Steffen 321-223-5600 The manager has listed the unit size as 2843 square feet.
| |||
| Mar 18, 2018 | Listed by BHHS Florida Realty | $549,999 | |
| Listed by BHHS Florida Realty | |||
| Jul 11, 2007 | Sold | ||
| Sold | |||
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About The Cloisters
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$2,400 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017