820 Ballard Drive
About This Property
The house features a recently updated kitchen, a newer metal roof, 2019 double-paned windows throughout, and newer hot water heater. The HVAC system has been recently serviced, ensuring comfort year-round. Enjoy outdoor living with a large back patio and a huge backyard-plenty of room to add on, build a pool, or both! Even add a pad to the back for RV or boat storage. This is a rare opportunity to live in one of the most sought-after areas in Melbourne.
Don't miss out on making this your dream home!
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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 |
|---|---|---|---|
| Dec 2, 2024 | Sold | ||
| Sold | |||
| Nov 8, 2024 | In contract | - | |
| In contract | |||
| Nov 3, 2024 | Relisted | $335,000 | |
| Relisted | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 19, 2024 | Listed by Glover Properties | $335,000 | |
| Listed by Glover Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017