5340 Frederick Avenue
About This Property
Step inside to enjoy a freshly painted interior that exudes warmth and comfort, with an open and inviting layout. The living space flow seamlessly, providing the ideal setting for relaxation and every day living. The kitchen is ready for your personal touch, with ample counter space and cabinets for all your culinary needs.
Enjoy the Florida weather year round on your screened-in porch, large fenced in backyard, perfect for outdoor activities, gardening or simply unwinding.
Recent updates include a new roof, offering peace of mind and long term value. Located in a desirable neighborhood of W. Melbourne, this home is close to shopping, dining and top rated schools with easy access to major roads and the beautiful Florida coastline.
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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 |
|---|---|---|---|
| Dec 31, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Dec 9, 2024 | Listed by Keller Williams Realty Brevard | $229,000 | |
| Listed by Keller Williams Realty Brevard | |||
| Nov 7, 2016 | Sold | ||
| Sold | |||
| Jul 13, 2016 | Listed by Keller Williams Realty Brevard | $140,000 | |
| Listed by Keller Williams Realty Brevard | |||
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About Cannova Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017