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654 Teak Drive
About This Property
central Melbourne location, House features Large screened patio with views of sparkling tropical pool and backyard perfect for outdoor dining under the pergola plus a work shed.
Step inside to view the spacious floor plan which is functional and versatile for all your various living needs. Many upgrades have been made, fresh paint in and out, New fridge, dishwasher, light fixtures,
doors.
Newer AC system (replaced in 2015) newer roof from 2017 (30 year architectural shingles) Kitchen and shower were replaced in 2015, laminate flooring from 2018.
Great location!! Close to shopping, dining, entertainment, schools, beaches and I-95. Put this property on your list of must see, See it today!!
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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