27
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809 Espanola Way
About This Property
Ideally located near Melbourne Mall, FIT, and Melbourne Orlando International Airport, with convenient access to major employers including Embraer, Dassault Falcon Jet, Northrop Grumman, L3Harris Technologies, Collins Aerospace and Beaches,
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 13, 2026 | Price Decreased |
$339,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Feb 14, 2026 | Listed by RE/MAX Elite | $345,000 | |
| Listed by RE/MAX Elite | |||
| Feb 22, 2023 | Sold | ||
| Sold | |||
| Nov 4, 2022 | Listed by One Sotheby's International | $185,000 | |
| Listed by One Sotheby's International | |||
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MULTIPLE OFFERS RECEIVED. Seller will be making a decision on Tuesday 12/6. Highest and Best NOT as important as buyer moving forward with the transaction. Only accepting offers from buyers who have actually seen the property.
Comps in the neighborhood up to $300k. This home is in need of extensive renovations. Sold AS-IS.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017