2206 Palm Boulevard
About This Property
in-ground swimming pool, NEW METAL ROOF, NEW A/C and a fully fenced backyard, with an abundance of fruit trees. It offers an ideal setting for family living and outdoor entertainment. The home's layout and location make it a perfect fit for anyone looking for a place to call home or an investment opportunity.
Don't miss this chance to live in one of Melbourne's most desirable areas! Close to restaurants, shopping, entertainment and
I-95.
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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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by Florida Lifestyle Realty LLC | $350,000 | |
| Listed by Florida Lifestyle Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017