847 Chickasaw Avenue
About This Property
Step inside to discover an open floor plan adorned with tile flooring throughout. The remodeled kitchen shines with its elegant granite countertops, updated cabinets, and stainless-steel sink and newer appliances, creating a space where cooking becomes a joy. Both bathrooms have been stylishly remodeled, offering functionality and flair. Energy-efficient, double-hung, double-pane windows fill the home with natural light while maintaining a comfortable interior environment. Complemented by a 2017 metal roof this home ensures peace of mind for years to come.
The fenced backyard is a private oasis, perfect for outdoor gatherings or tranquil evenings. A versatile shed could easily be connected to electricity. Easy access to local shops, dining, and recreational activities in the Eau Gallie Arts District & DT Melbourne
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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 |
|---|---|---|---|
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 26, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Price Decreased |
$282,500
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Dec 4, 2024 | Listed by EXP Realty LLC | $285,000 | |
| Listed by EXP Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017