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6214 Leeward Lane
About This Property
This 3 bedroom, 2.5 bathroom home features a split floor plan, an open layout, an updated kitchen, and a Jack-and-Jill bath connecting two of the bedrooms. Downstairs, an under-air bonus room off the garage offers flex space for a studio, office, gym, or hobby room. Outside, enjoy a pool and spa (also on the second story), new metal roof (2025), hurricane shutters, and a whole-house generator for added comfort and security. Ocean access is directly across the street, and the property borders the Maritime Hammock Sanctuary, a protected natural area filled with trails and native wildlife. A rare opportunity to own a private, nature-wrapped home in one of Melbourne Beach's most distinctive neighborhoods.
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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.
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About Marks Landing
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$8,000 /mo
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$5,500 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017