21
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5506 Cassia Drive
About This Property
four-bedroom, two-bathroom home, spanning 1,932 square feet, is a serene retreat surrounded
by rich woodwork. The expansive living room, with its soaring vaulted ceilings, and a unique
spiral staircase leading to a spacious primary bedroom, create an airy sanctuary. The modern
kitchen is ready for your culinary adventures, while the native landscaped yard offers a slice of
nature at your doorstep. With an additional lot for utmost privacy, this unique retreat is minutes
away from amenities and the beautiful beaches of Fort Pierce.
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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 6, 2023 | Sold | ||
| Sold | |||
| May 10, 2023 | Listed by Sea Flag Homes | $399,000 | |
| Listed by Sea Flag Homes | |||
Property Highlights
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About Indian River Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017