1
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5307 Solway 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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Listed by One Sotheby's International | $1,185,000 | |
| Listed by One Sotheby's International | |||
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4 bed waterfront, pool home in manicured, gated, Ocean to River Indian Landing subdivision in nature rich Melbourne Beach. This home is one of only a handful that has private boat lift (12k lbs) on a navigable canal just a short stroll from the home and also a private dock in the backyard for dolphin and manatee watching, as well as launching non motorized crafts from. Light, open and airy describes the interior with 12' ceilings and a split floor plan opening to a generous, screened pool lanai. The home features a spacious, upstairs suite which could also serve as a great, private home office or family fun zone. The private balcony off the upstairs is a magical spot to soak in some incredible sunsets looking over the nearby Indian River. Your deeded beach access is right at the entrance to the community and right near the very large community pool and tennis courts. Located between 2 golf courses and just minutes from the local Publix... Welcome home !
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| Dec 7, 2021 | Sold | ||
| Sold | |||
| Sep 13, 2021 | Listed by RE/MAX Elite | $785,000 | |
| Listed by RE/MAX Elite | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017