5012 SW Winchester Drive
About This Property
Banyan Bay is a gated community which includes, lawn maintenance, yard irrigation, pest control quarterly, and lawn fertilization. Additionally the community features access to the St Lucie River with a dock for fishing and kayak/paddle board launch, gazebo and station to rinse off all non-motorized watercraft's. Gorgeous clubhouse with gym, heated pool, activity room and kitchen for only $265 per month!
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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 |
|---|---|---|---|
| May 5, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2025 | Price Decreased |
$1,190,999
↓ $24K
(2%) | |
| Price Decreased | |||
| Jan 2, 2025 | Price Increased |
$1,214,990
↑ $24K
(2%) | |
| Price Increased | |||
| Oct 1, 2024 | Listed by The Agency Florida LLC | $1,190,999 | |
| Listed by The Agency Florida LLC | |||
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About Martin
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$8,300 /mo
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$1,925 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017