28
Map
518 Susan Drive
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 |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by EXIT 1st Class Realty | $165,000 | |
| Listed by EXIT 1st Class Realty | |||
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INVESTOR ALERT! Spacious 2-bedroom 2-bath home with carport in very desirable Hollywood Estates a 55+ community! Currently has a tenant in place at $1625 per month. New roof in 2024. Oversized 1 Car Carport (34x12) & Spacious Workshop / Storage Area (21x8) with Washer/Dryer. Plenty of Storage with lots of closets throughout. Large Screened-In Front Porch (23x10). Includes storm shutters. Close to shopping, restaurants, mall, movies, hospital, golfing, and Melbourne airport. Just minutes to the beach.
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| Mar 26, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2023 | Listed by Riverside Realty of Brevard | $160,000 | |
| Listed by Riverside Realty of Brevard | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017