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7250 Pinecrest Avenue
About This Property
With some updates your buyers will love this charming home on a dead end street in W. Melbourne. The home has been well maintained over the yrs. Upgrades include wiring, electrical box & plumbing. Open living area has pocket sliders that open to enclosed room with wood burning fireplace and large windows overlooking the backyard. Property extends beyond the chain link fence with plenty of room to add a pool. 3 BRs have spacious closets master is Cedar lined. 3rd BR is off living area and could be used for dining, office, music or play room. Shower in laundry room off garage. 1 full BA & half bath in master. Original Terrazzo floors throughout. Beautiful shade trees in front and back of property. 2 car garage & circular driveway-Room for RV or Boat Boat
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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 |
|---|---|---|---|
| Nov 26, 2019 | Sold | ||
| Sold | |||
| Jul 24, 2019 | Listed by Brevard Relocate Realty Group | $210,000 | |
| Listed by Brevard Relocate Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017