6809 S Highway A1a
About This Property
and close to amenities of Melbourne and Vero Beach,
including airports, great schools, country clubs,
and restaurants. Beautiful hardwood floors throughout,
except 2 bedrooms & utility room tiled. The upper level was designed for entertaining, features custom built bar with hammered copper top, custom stone fireplace for those cool winter evenings, great ocean views, maintenance free decking for that casual/ carefree Florida living . Florida's lifestyle at its best! Nicely furnished throughout. .Move-in condition...a must see!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017