6233 HALL Drive
About This Property
Property comes with detached mother in-law cottage/income house with carport and covered front porch. One bed, one bath, coffered ceiling interior.
Property is in a prime location, situated in the secluded and quiet community of Melbourne Village -no HOA- with lush vegetation and tropical fruit trees. The Village contains nature trails, and a community pool. The location is ideal, just minutes to shopping, dining, top-rated schools,
I-95, and less than 20 minutes to the beaches. East of the pool is the Community Hall (4). There is a utility building further to the east and to the right of the Hall. All are maintained very well. There are fruit trees on the property....A large Mango and Loquat , Orange, Surinam cherry, and banana.
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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 29, 2021 | Sold | ||
| Sold | |||
| May 14, 2021 | Listed by LOKATION | $299,999 | |
| Listed by LOKATION | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017