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912 S South Fork Circle
About This Property
Move-In Ready 2 Bed, 2 Bath Home in South Oaks Prime Melbourne Location!
This beautifully updated home offers a 2024 roof over 1,400 square feet of comfortable living space in the desirable South Oaks community. Nestled in the heart of Melbourne, you'll enjoy easy access to shopping, dining, and everyday conveniences-plus, the beach is just a 15-minute drive away!
The interior boasts a spacious layout with two inviting sunrooms, Living/Dining Room, Family room and an eat in kitchen. perfect for relaxing or entertaining. The low-cost HOA covers lawn care and grants access to fantastic amenities, including a heated pool, wood sauna, indoor hot tub, full size gym and tennis/pickleball courts.
This is a great opportunity to enjoy the best of Florida living in a well-maintained community. Don't miss out-schedule your showing today!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017