516 SE Alamanda Way
About This Property
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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 |
|---|---|---|---|
| Sep 22, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Price Decreased |
$1,175,000
↓ $10K
(0.8%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by Keller Williams Realty Of The | $1,185,000 | |
| Listed by Keller Williams Realty Of The | |||
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NEW 2026 CBS home with NO HOA! Stunning kitchen and baths! Split floor plan, open-concept design, volume ceilings, and a light, bright interior create an inviting living space. The air-conditioned RV garage features extra-strength concrete flooring, a full bathroom, plus dedicated washer & dryer, perfect for your RV, boat & trailer, jet skis, and all your recreational toys. Enjoy Florida living on the large, covered patio with a plumbed outdoor kitchen/grill area. The oversized backyard offers plenty of room for a pool. Ideally located just 10 minutes to Stuart Beach, a little over a mile from Historic Downtown Stuart's shops and dining, minutes to a public boat launch, and within walking distance of the Audubon of Martin County.
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| Oct 24, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017