1096 Melville Road
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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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| Jun 17, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Listed by UDI LLC | $48,000 | |
| Listed by UDI LLC | |||
| May 12, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 5, 2026 | Listed by UDI LLC | $525,000 | |
| Listed by UDI LLC | |||
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NEW CONSTRUCTION – DUPLEX TO BE BUILT (LOT INCLUDED) Build your brand-new home on an oversized 0.52-acre residential lot at 1096 MELVILLE RD in Punta Gorda, located outside of a flood zone with city water and sewer available. The advertised price includes both the homesite and base construction of a modern, thoughtfully designed duplex home by a local builder with experience delivering similar homes in Florida. Buyers may select interior and exterior colors and finishes from the builder’s standard selections prior to construction. The estimated construction timeline is 9–10 months from contract execution to completion and includes permitting. Photos shown are of the same model previously built and include virtual staging. Images are for illustrative purposes only. Finishes, colors, materials, and minor details may vary. Financing pre-approval is required prior to execution of a purchase agreement. Buyer must maintain financing eligibility throughout construction. The construction timeline is an estimate and subject to permitting, inspections, weather, and material availability.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017