642 NE Cedar Side Circle #204
About This Property
Begin your new life together in this delightful 2-bedroom/2-bath 1063-SF condo in Palm Bay. Offers a welcoming living room with carpeting, remarkable dining room, arched doorways and an inside laundry. The captivating kitchen has laminate countertops, plenty of cabinet space and includes an electric range, dishwasher and a built in microwave. Step outside to enjoy the community pool, or head to the tennis court to practice your serve. Conveniently close to shopping, dining and schools. This is a Fannie Mae HomePath Property.
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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 |
|---|---|---|---|
| May 18, 2016 | Sold | ||
| Sold | |||
| Feb 10, 2016 | Listed by SunCoast Real Estate Group | $76,500 | |
| Listed by SunCoast Real Estate Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/10/2016
|
2 Bed
|
2 Bath
|
-
|
$76,500
2 Bed
2 Bath
|
$73,000
-4.58%
05/18/2016
|
Reagan Masone
SunCoast Real Estate Group
|
Building Info
About Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017