685 Lantana Street
About This Property
Only $1,000 Deposit. ($5K Flex Cash + 2/1 buydown with Gov loans for a limited time) with approved lender. Easy access to Orlando, Minutes from Historic Cocoa Village, short drive to Port Canaveral and Beaches. This LARGE 3/2 home features an open floor plan w/10 ft vaulted ceiling. Kitchen features 36'' all wood Cabinets w/crown molding, Moen faucets, SS appliances & pantry. Master suite w/ large walk-in closet, garden tub & shower. The Large Living, Dining, & additional Family Room guarantees room for everyone! Home features a Covered Front Porch, Taexx pest prevention system, double pane (low E) windows w/Storm Shutters, and so much more. Energy Efficient w/10-year structural, builder & manufacturer warranties all included. **Sample Photos
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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 |
|---|---|---|---|
| Mar 13, 2023 | Sold | ||
| Sold | |||
| Sep 1, 2022 | Listed by Adams Homes Realty, Inc. | $355,600 | |
| Listed by Adams Homes Realty, Inc. | |||
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Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 945158
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