5
Map
5535 SIMPSON PLACE
About This Property
Situated in Cocoa, the property features 1.03 with wooded terrain. This lot is in the wetland floodplain. Contact zoning to discuss potential future use. Priced accordingly! Enjoy a peaceful setting while remaining conveniently located near shopping, dining, schools, and major highways, providing easy access to city amenities. Listing is for land only and comes As Is. Street addresses can be for listing purposes only and vacant land will receive a true street address once improved.
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Cap Rate Calculator
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 17, 2026 | Price Decreased |
$25,999
↓ $1K
(3.7%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$26,999
↓ $1K
(3.6%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$27,999
↓ $2K
(6.7%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$29,999
↓ $2K
(6.3%) | |
| Price Decreased | |||
| Aug 19, 2026 | Price Decreased |
$31,999
↓ $1K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017