1515 Seneca 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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 30, 2025 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Listed by Keller Williams Realty Boca Raton | $185,000 | |
| Listed by Keller Williams Realty Boca Raton | |||
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Welcome to 1515 Seneca Drive, a beautifully renovated 3-bedroom, 2-bath home in Melbourne, offering modern comfort with timeless Florida charm. This manufactured home has been completely updated with new plumbing, wiring, and a durable metal roof installed just five years ago. Inside, you'll find a bright open layout with skylights, ceiling fans, and a split-bedroom design, complemented by new waterproof luxury vinyl flooring throughout—no carpet in sight. The stylish kitchen features quartz countertops, new cabinetry, and stainless-steel appliances, while both bathrooms have been fully remodeled with contemporary finishes. Sitting on a double lot at the end of a quiet dead-end street, the property provides nearly a quarter-acre of cleared, fenced space that is not in a flood zone, ensuring both privacy and peace of mind. Outdoor amenities include a large carport with space for two vehicles, a detached garage/shed for extra storage, RV access, a circular driveway, and a screened porch to enjoy Florida's weather year-round. Zoned for Croton Elementary, Lyndon B. Johnson Middle, and Eau Gallie High, this home combines move-in-ready upgrades with a convenient location close to shopping, dining, and major roadwaysmaking it a true Melbourne gem.
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| Nov 19, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
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About Melbourne
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$2,300 /mo
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$2,300 /mo
- 3 Beds
- 2 Baths
- 1,597 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017