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5800 Live Oak Avenue
About This Property
2011 HVAC and Roof. 450 SF detached garage/workshop. Much of the interior needs to be renovated as reflected by the super-low price. Historic Melbourne Village has 66 acres of parkland, 24/7 police, community pool, 2 rec halls, planned events year round for all ages, trails, playground, minutes to high-tech jobs, golf, tennis, beach, marina.
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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 |
|---|---|---|---|
| Jun 10, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jan 14, 2024 | Listed by Compass Florida, LLC | $585,000 | |
| Listed by Compass Florida, LLC | |||
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The British are selling! The British are selling! On an oversized wooded lot, the 2018 home exhibits 2 outdoor living areas, as tons of windows infuse generous, traditional spaces w/loads of natural light. LVP floors span the downstairs. A bright island kitchen showcases white cabinetry, SS appliances, a wine fridge, a walk-in pantry & natural wood shelves that enhance the English country look. Flowing into spacious dining, double glass doors open to a wrap-around screened porch overlooking a quaint courtyard & 3-tiered water fountain. The separate living rm displays a manteled niche for a television & 2 sets of glass French doors to both lanais. 1 downstairs bdrm & a shower bath w/a washer & dryer complete the 1st floor. The office offers access to the 2nd screened lanai. 2 sizable upstairs suites feature walk-in closets & tub/shower baths. These are comfortably private accommodations for the owners, family & special guest
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| Aug 29, 2023 | No longer available | - | |
| No longer available | |||
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About Melbourne Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017