$225,000
●
House -
Off Market
704 Ryan Avenue
Melbourne, FL 32935
3 Beds
2 Baths
1,395 Ft²
$243,164
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
NEW ROOF 2019, HVAC New 2018. All Major Ticket Items Updated
Within The Past 10 Years To Include Electrical & Windows. This 3
Bed 2 Bath Home Sits On A Spacious Corner Lot, With A 1 Car Garage,
Laundry Room & Fenced Yard. This Is A Great Home For A First
Time Home Buyer, Someone Wanting To Downsize, Or Even An Investor
Who Is Adding To Their Rental Portfolio. This Is A Great Floor Plan
That Offers Two Living Spaces So That You Have Plenty Of Room For
The Whole Family. Square Footage Is Not Correct On The Tax Rolls.
The Home Is Larger Than It Says. Centrally Located
Melbourne Home Makes It Easy To Enjoy The Florida Living.
Unit Size
1,395 Ft²
Days on Market
190 days
Land Size
0.21 acres
Price per sqft
$171
Property Type
House
Property Taxes
$157
HOA Dues
-
Year Built
1963
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (Space Coast MLS #946378)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2023 | Sold | ||
| Sold | |||
| Sep 16, 2022 | Listed by RE/MAX Aerospace Realty | $239,000 | |
| Listed by RE/MAX Aerospace Realty | |||
| Mar 27, 2020 | Sold | ||
| Sold | |||
| Jan 12, 2020 | Listed by Brevard County Realty LLC | $173,000 | |
| Listed by Brevard County Realty LLC | |||
| | |||
|
Seller to give $2,500 towards buyer's closing costs if buyer can close by March 1st!! NEW ROOF 2019, HVAC new 2018 & fresh exterior paint. All major ticket items updated within the past 10 years as well including electrical and windows. Well maintained, move in ready home on a spacious corner lot, with a 1 car garage and fully fenced in yard. This is a great home for a first time buyer, someone wanting to downsize, and even an investor who wants to add to their rental portfolio. The inside laundry room is an added bonus. This is a great floor plan, and with 2 living spaces, you will have plenty of room for the whole family. The square footage is wrong on the tax rolls, this home is much larger than it says. Great central Melbourne location makes it easy to commute and get around town
| |||
| Dec 14, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lakeview Shores
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Listed by: Jason M Lande, RE/MAX Aerospace Realty
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 946378
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 946378
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