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5880 Crane Road
About This Property
If you have a love for history and architect, you will love this organic home.
Bring the outdoors in with floor to ceiling windows. Dade County Pine ceilings. Open floor plan, perfect for today's modern family.
The main house has 2 bedrooms and 1 full updated bath, living area, family room,kitchen and laundry room.
There is a separate apartment with a private entrance, 1 bedroom, 1 bath, kitchen and living area, complete with its own washer & dryer and patio & parking area.Perfect for an extended family or a rental.
This home has been impeccably maintained with a new A/C with ultra violet air purifier New HW Heater, New Windows, Plumbing and Electric. Plenty of room for outdoor entertaining on the brick pavers courtyard encompassed by lush landscaping for backyard privacy.'||chr(10)||'The Town of Melbourne Village is the governing body which has its own 24/7 police department, elected commissioners and mayor, maintenance crew, and town clerk. Unique small town with lots of parks, and close to beaches, high tech jobs, and great schools!
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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, 2020 | Sold | ||
| Sold | |||
| Jun 15, 2020 | Listed by RE/MAX Solutions | $389,000 | |
| Listed by RE/MAX Solutions | |||
| Jun 13, 2020 | No longer available | - | |
| No longer available | |||
| May 29, 2020 | Relisted | $399,900 | |
| Relisted | |||
| May 27, 2020 | In contract | - | |
| In contract | |||
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About Melbourne Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017