6515 Highway A1a
About This Property
adjoining lots. Adjacent lots in virtual tour being sold separately. (see MLS 747448).
Existing home is livable 2 Bed/1 Bath in nice condition with well & septic tank on property. Sq. footage could easily be added to existing structure. Easy access to Beaches, Melbourne or Vero Beach via A1A.
Survey in office showing CCCL indicating setbacks
for build able area. (Note: Lot Square Footage & Lot Square Ft. are incorrect figures as the figures automatically populate due to all three parcels under the one tax account. In the process of being
corrected).
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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 20, 2016 | Sold | ||
| Sold | |||
| Dec 12, 2015 | Listed by Wind Sail Realty | $720,000 | |
| Listed by Wind Sail Realty | |||
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About Floridana Beach
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Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 742022
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