648 Brockton Way
About This Property
FINALLY ONE OF THE NICEST UNITS AVAILABLE FOR SALE IN THIS EXCLUSIVE 55+ GATED WEST MELBOURNE COMMUNITY! Original owners had this Lifestyle home specifically designed and upgraded with practicality in mind. Garage extended 2ft wider and 4ft longer than most homes, raised counters and dishwasher for easy access, 6ft porch extension with screen enclosure, Automatic electric garage screen enclosure, 20'' diagonal tile throughout with Berber in bedrooms. 5 1/4'' baseboard, Corian counter tops with upgraded cabinetry and built in features. Raised sinks and vanities in bathrooms and upgraded fixtures throughout! This home has been meticulously maintained and looks like a true model. The owners even added a built in pest control system inside the walls.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017