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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.
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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 15, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Listed by Waterman Real Estate, Inc. | $489,000 | |
| Listed by Waterman Real Estate, Inc. | |||
| | |||
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Tucked away on a quiet road, this unique two-bedroom property offers privacy, space, and versatility on a generous 1.4-acre lot. The home features a flexible mother-in-law suite or man cave—ideal for extended family, guests, or a private retreat. Outdoor living is enhanced by a peaceful back patio, perfect for relaxing or entertaining while enjoying the surrounding acreage. A detached workshop with air conditioning adds exceptional value, providing year-round comfort for hobbies, storage, or small business use. With ample room to spread out and endless possibilities, upgraded with impact windows, two year-old metal roof, and a deep well that is also connected to irrigation. this property delivers a rare blend of tranquility, functionality, and lifestyle flexibility.
| |||
| Sep 19, 2013 | Sold | ||
| Sold | |||
| Apr 9, 2013 | Listed by Space Coast Realty Corp. | $142,900 | |
| Listed by Space Coast Realty Corp. | |||
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About Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017