37
Map
1161 Olde Bailey Lane
About This Property
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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%.
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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 |
|---|---|---|---|
| Oct 11, 2025 | Listed | $429,900 | |
| Listed | |||
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Spacious 3BD/2BA Home in Sought-After Community with Pool & PlaygroundThis well-maintained home features a new roof (Sept 2022) and a bright, open floor plan with tile throughout the living areas and newly tiled bedrooms. Enjoy cooking in the updated kitchen with brand-new stainless steel appliances, while high ceilings add to the home's airy feel. Additional highlights include a fenced backyard, large screened-in porch, tiled patio, rain gutters, and a flex room off the kitchen--perfect for an office, playroom, or dining space. The oversized primary suite offers double vanities, a garden tub, and a separate shower.Conveniently located near Downtown Melbourne, the airport, and major employers like L3Harris, Northrop Grumman, Boeing, and GE--plus you're only 20 minutes from the beach.
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| Sep 30, 2025 | Listed | $429,900 | |
| Listed | |||
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Spacious 3BD/2BA home in a desirable community with pool and playground. New roof (Sept 2022)! Open floor plan with tile in living areas and new tile in bedrooms. Features include new stainless steel appliances, high ceilings, fenced backyard, large screened porch, tiled patio, rain gutters, and a versatile extra room off the kitchen. The oversized primary suite offers double vanities, a garden tub, and separate shower. Centrally located near Downtown, Melbourne Airport, and major employers like L3Harris, Northrop Grumman, Boeing, and GE. Just 20 minutes to the beach--enjoy the best of Florida living!
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| Apr 4, 2023 | Sold | ||
| Sold | |||
| Feb 4, 2023 | Listed by Real Broker LLC | $359,900 | |
| Listed by Real Broker LLC | |||
| Dec 30, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
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About West Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017