585 Newport Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 22, 2022 | Sold | ||
| Sold | |||
| Feb 10, 2022 | Listed by J. Edwards Real Estate | $799,900 | |
| Listed by J. Edwards Real Estate | |||
| Sep 15, 2018 | No longer available | - | |
| No longer available | |||
| Sep 14, 2018 | Sold | ||
| Sold | |||
| Jun 20, 2018 | Listed | $515,000 | |
| Listed | |||
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This stellar location awaits you as you enter the gates of the Cloisters , Indialantic's premier gated subdivision nestled between the Indian river and the ocean. This home features 4 bedrooms, 2.5 baths with large covered lanai and screened in pool with rock waterfall. Many nice upgrades/features to include newer cherry cabinets in kitchen with granite counters and high end SS appliances with gas range. Updated baths, Open floor plan, crown molding, Plantation shutters, tiled floors in livingareas, gorgeous wood flooring in master , 2 walk in closets and separate tub and shower in master bath. Great home in the perfect setting in an A rated school district, perfect for any family or forever home. This is truly one you won't want to miss. The manager has listed the unit size as 2348 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017