20
Map
1216 Three Meadows Drive
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%.
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 |
|---|---|---|---|
| Jun 6, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| May 5, 2025 | Listed by Real Broker LLC | $449,000 | |
| Listed by Real Broker LLC | |||
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HIGHEST AND BEST BY SUNDAY, MAY 11TH AT 5PM!
Welcome to your beautifully reimagined home in one of Rockledge's most sought-after neighborhoods! This completely updated 3-bedroom, 2-bath stunner features a brand-new kitchen, hurricane-impact windows, and a whole-home generator for ultimate peace of mind. The open-concept design is perfect for modern living, flowing effortlessly into a resort-style backyard. Enjoy a covered patio with power screens that withstand 120 MPH winds overlooking the heated saltwater pool, lush landscaping, a fully fenced yard, and a brand-new sprinkler system with well pump to keep it picture-perfect. The home is also equipped with solar that keeps the electric bill down. A rare opportunity to own a move-in-ready sanctuary — schedule your private tour today!
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| Sep 20, 2021 | Sold | ||
| Sold | |||
| Aug 24, 2021 | Listed by Posey & Co | $347,000 | |
| Listed by Posey & Co | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017