1034 Garfield Street
About This Property
Welcome to this charming 1957 concrete block home on the largest lot in the Presidential subdivision. Situated on a quiet street with long-term, owner-occupied neighbors, this property offers a strong sense of community. Enjoy proximity to Croton Elementary, Johnson Jr. High, and Eau Gallie High-all within walking distance. Conveniently located near shopping, dining, and major roads, with Melbourne Airport just 5 minutes away. Recent upgrades include a new A/C (2024) with UV air purification, a metal roof (2015), enhanced insulation, and energy-efficient features like LED lighting and solar exhaust fans.
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 27, 2025 | In contract | - | |
| In contract | |||
| Apr 22, 2025 | Listed by LoKation | $225,000 | |
| Listed by LoKation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017