1707 Platt Street
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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%.
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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.
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 16, 2026 | Price Decreased |
$335,000
↓ $15K
(4.3%) | |
| Price Decreased | |||
| May 26, 2026 | Listed by Real Broker, LLC | $350,000 | |
| Listed by Real Broker, LLC | |||
| Nov 17, 2025 | Price Decreased |
$350,000
↓ $15K
(4.1%) | |
| Price Decreased | |||
| Oct 30, 2025 | Listed | $365,000 | |
| Listed | |||
| | |||
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Explore the charm and investment potential of this 3BD, 2BA Melbourne home, perfect for seasonal living or short term rental income. With no HOA or rental restrictions, you have total flexibility. The layout includes a large family room that flows into the dining and living spaces, plus a versatile bonus room off the kitchen ideal for a workshop or office. Both bathrooms keep their vintage character. The fenced backyard features mature landscaping and a storage shed. Recent upgrades include a new roof in 2024, HVAC in 2023, updated electrical panel, PVC plumbing, tile flooring, and accordion hurricane shutters. The water heater was replaced in 2016. The home is sold fully furnished and ready for immediate use. Conveniently located near Fee Avenue Park's tennis courts, playground, and pool, and only minutes to Downtown Melbourne's shops, restaurants, healthcare, and beaches.
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| Oct 17, 2024 | Sold | ||
| Sold | |||
Property Highlights
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017