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1236 Alaqua Way
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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 31, 2025 | Sold | ||
| Sold | |||
| Jul 7, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Price Decreased |
$435,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| May 24, 2025 | Listed by EXP Realty, LLC | $440,000 | |
| Listed by EXP Realty, LLC | |||
| | |||
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Comfort meets family-friendly in this 4br 2b home that is nestled in a desirable small gated community in West Melbourne. Offering the perfect layout inside and out for growing families, the large fully fenced backyard is a dream come true for kids and pets to play freely with plenty of space for a future pool and playset. Two garden beds await your green thumb. The split bedrooms offer privacy for all. The updated kitchen with granite countertops, freshly painted cabinets, and SS appliances make cooking a breeze. AC 11/22. 7.3 miles to the beach. Room measurements are estimates.
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| Apr 14, 2025 | Listed by EXP Realty, LLC | $440,000 | |
| Listed by EXP Realty, LLC | |||
| |||
|
Comfort meets family-friendly in this 4br 2b home that is nestled in a desirable small gated community in West Melbourne. Offering the perfect layout inside and out for growing families, the large fully fenced backyard is a dream come true for kids and pets to play freely with plenty of space for a future pool and playset. Two garden beds await your green thumb. The split bedrooms offer privacy for all. The updated kitchen with granite countertops, freshly painted cabinets, and SS appliances make cooking a breeze. AC 11/22. 7.3 miles to the beach. Seller offering $5000 toward Buyer's closing costs with acceptable offer.
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About West Melbourne Landings
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017