720 Sorrento Drive
About This Property
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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 |
|---|---|---|---|
| Jul 17, 2023 | Sold | ||
| Sold | |||
| Jun 7, 2023 | Listed by EXP REALTY LLC | $355,000 | |
| Listed by EXP REALTY LLC | |||
| | |||
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Welcome to 720 Sorrento Drive! This appealing one-story 3 bedroom, 2 bathroom home built in 2021 offers an optimized layout that maximizes living space. The ample-size kitchen overlooks the large great room, dining room, and covered lanai, creating a seamless flow for entertaining and everyday living. The kitchen is a standout feature, boasting plenty of cabinets and counter space. It also features a beautiful breakfast nook area surrounded by bay windows, allowing the natural Florida light to fill the room. The primary bedroom, strategically located at the back of the home for privacy, offers an en suite bathroom with a double vanity and a spacious walk-in closet. Two additional bedrooms share a second bathroom, ensuring comfortable accommodations for family members or guests. For added convenience, the laundry room is conveniently situated inside the front of the home near the two-car garage. Additionally, two extra closets provide ample storage space for your belongings.
Notable upgrades include LVP flooring, fresh interior paint, and hurricane shutters. Step outside to the backyard and discover a covered lanai, perfect for outdoor relaxation or entertaining. Conveniently located, this neighborhood offers easy access to nearby amenities, major highways, schools, and historic Cocoa Village. Don't miss the opportunity to make 720 Sorrento Drive your new home. Schedule a showing today and experience the best of Florida living!
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| Mar 24, 2021 | Sold | ||
| Sold | |||
| Feb 18, 2021 | No longer available | - | |
| No longer available | |||
| Feb 4, 2021 | Price Increased |
$270,740
↑ $5K
(1.9%) | |
| Price Increased | |||
Property Highlights
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About Cocoa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017