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620 Forest Trace Circle
About This Property
One of the home's most impressive features is its Generac solar energy system with integrated power cell battery storage designed to generate and store electricity for use throughout the home while reducing dependence on traditional utility power. The battery backup provides an added level of energy security during utility outages without the noise, fuel storage, or maintenance associated with a conventional gas powered generator. The current owner reports no usage based monthly electric charges, with only a flat FPL account charge and FPL provides an annual credit for excess energy returned to the electrical grid. The system also includes a 25 year transferable warranty, subject to applicable warranty terms and transfer requirements.
Enjoy the added privacy of a large, fully fenced backyard, with natural preserve areas both behind and in front of the home, creating a peaceful setting surrounded by Florida's natural beauty. An additional vacant, non-buildable lot next door provides even more separation and helps preserve the home's sense of privacy and open surroundings. Whether entertaining, enjoying time outdoors, or simply relaxing at home, this property offers an appealing combination of space and privacy.
Inside, you'll appreciate the upgraded waterproof wood laminate flooring in the bedrooms & closets, offering an attractive appearance and substantial feel compared with traditional vinyl flooring. Newly finished drywall and fresh interior paint provide a clean, refreshed appearance, while overhead ceiling fans in every bedroom add comfort and convenience. The laundry room features upgraded Samsung washer and dryer, replacing the original builder grade units.
Additional improvements include an upgraded, more powerful garage door opener with enhanced lighting and an insulated garage door, adding everyday convenience and improved garage comfort.
The desirable split bedroom floor plan provides separation and privacy, while the open living area and spacious family room create an inviting setting for everyday living and entertaining. The kitchen offers a convenient eat-in dining area, and the primary suite features a spacious shower with dual sink vanity and walk-in closet.
Enjoy the convenience of Titusville living with easy access to Kennedy Space Center, major roadways, shopping, dining, and the many recreational opportunities of Florida's Space Coast.
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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 |
|---|---|---|---|
| Nov 6, 2026 | Listed by LPT Realty, LLC | $409,000 | |
| Listed by LPT Realty, LLC | |||
| Jun 30, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | Listed by LPT Realty, LLC | $429,900 | |
| Listed by LPT Realty, LLC | |||
| May 13, 2021 | Sold | ||
| Sold | |||
| Oct 30, 2020 | Listed by LPT Realty, LLC | $269,540 | |
| Listed by LPT Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017