17
Map
160 Melaleuca Drive
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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 30, 2025 | Listed | $425,000 | |
| Listed | |||
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Coastal living meets everyday convenience in this well-maintained beachside home. Step inside to find matching laminate flooring throughout and recent updates including a 2022 roof, 2016 A/C, and a 2025 water heater and several new impact windows . Enjoy the benefits of updated plumbing, a reverse osmosis system, and a whole-house water softener. The spacious, fully fenced backyard provides the perfect space for relaxing or entertaining. Ideally situated just outside of Patrick Space Force Base, this home is a short 15-minute walk to the ocean and less than a mile from Publix, Goombay's, and Villon's Coffee.
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| Jul 18, 2025 | Price Increased |
$425,000
↑ $15K
(3.7%) | |
| Price Increased | |||
| Jul 6, 2025 | Price Decreased |
$410,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| May 29, 2025 | Listed | $415,000 | |
| Listed | |||
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NEW PLUMBING! UNINCORPORATED, NO HOA- LARGE BEACHSIDE LOT. Minutes to the sand, this 3-bedroom, 2-bathroom home is just a 15 minute walk or a 3 minute drive to public beach access. Inside, you'll find matching vinyl flooring throughout, two updated bathrooms, and a bright, open layout. Home features several new impact windows, 2022 roof, 2016 A/C, 2025 water heater, new reverse osmosis system, water softener, and whole-yard irrigation. The fully fenced yard has two large mango trees, a small shed for extra storage and a freshly resurfaced deck to hangout and entertain. Watch rocket launches from the front yard! Located just outside of Patrick Space Force Base, you're minutes to Goombay's, Publix, and only 20 mins to downtown Cocoa Beach. Orlando Int'l Airport is just an hour away. Whether full-time or seasonal, this move-in ready home offers comfort, convenience, and coastal charm!
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| May 25, 2025 | Price Decreased |
$415,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
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About South Patrick Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017