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556 Ruth Circle
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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 | Listed | $145,000 | |
| Listed | |||
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Escape the cold and enjoy warm sunshine year-round in this charming 2-bedroom, 2-bath home, located in the highly desirable 55+ Hollywood Estates of West Melbourne. This home features an open floor plan, perfect for entertaining, with a spacious living room. It includes a bonus room at the front of the house which offers additional space for a home office, or whatever your heart desires - and it is not included in the square footage!
The kitchen is bright and welcoming with modern stainless-steel appliances (dishwasher is 2023 top of the line). A newly installed water heater and 2021 AC unit.
This active adult community provides excellent amenities, including a sparkling pool right behind home for convenience. The home is ideally located close to Publix Plaza, a variety of local restaurants, and just minutes from beautiful beaches. Commercial composite roof/wind-mid available. Some areas of the flooring feel soft and is something the new owner will need to address.
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| Aug 30, 2022 | Sold | ||
| Sold | |||
| Jul 19, 2022 | Listed by Keller Williams Realty - Wellington | $115,000 | |
| Listed by Keller Williams Realty - Wellington | |||
| Jun 29, 2021 | Sold | ||
| Sold | |||
| Jan 2, 2021 | Listed by Keller Williams Realty - Wellington | $89,000 | |
| Listed by Keller Williams Realty - Wellington | |||
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About Hollywood Estates of Canova Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017