1607 INDIA PALM DRIVE
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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.
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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 31, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Jul 1, 2025 | Listed by ENGEL & VOLKERS NEW SMYRNA | $280,000 | |
| Listed by ENGEL & VOLKERS NEW SMYRNA | |||
| Mar 9, 2025 | Listed | $300,000 | |
| Listed | |||
| | |||
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Welcome to 1607 India Palm Drive. Turn key and ready for you! This centrally located concrete block 3 bedroom 2 bath home sits atop an over sized lot canopied by mature foliage and is ideal for anyone; whether your just starting out, have a sharp eye for a home’s potential or even those looking to downsize. Boasting a nice open floor plan, spacious kitchen layout, updated fixtures, flooring, paint and brand new roof. The back room offers panoramic views of the fenced in back yard ideal for installing a pool also featuring a workshop and lots of extra parking space for your boat RV or ATV. You will love this home and its location near to shopping, dining, a day on the Indian River or a day at the beach and convenient access to I95. ;Water: City close to shopping and parks. Minutes to New Smyrna
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| Aug 24, 2022 | Sold | ||
| Sold | |||
Property Highlights
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About Florida Shores
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$4,500 /mo
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- 1,236 ft²
$3,200 /mo
- 1 Bed
- 1 Bath
- 759 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017