12
Map
2213 Merlin
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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 |
|---|---|---|---|
| Jun 13, 2025 | Sold | ||
| Sold | |||
| May 16, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Listed by Cook Realty LLC | $595,000 | |
| Listed by Cook Realty LLC | |||
| | |||
|
Step into this 4-bedroom, 3-bathroom pool home and experience the perfect blend of modern convenience and timeless design. The bright, open floor plan showcases seamless wood and tile flooring, while the updated kitchen features granite countertops, upgraded cabinets, and modern appliances. Thoughtfully equipped with smart switches and a smart sprinkler controller, this home brings convenience to every detail. The split-bedroom layout offers privacy, with a luxurious master suite featuring premium finishes. A versatile flex room provides space for an office, gym, or playroom. Outdoors, relax on the large screened-in patio by the heated pool, surrounded by lush landscaping. With 40 solar panels, a 1-year-old roof, and fresh paint, this move-in-ready home is both energy-efficient and stylish. Located in a desirable West Melbourne neighborhood, it offers the ultimate lifestyle for your Family. Ready for you to call home!
| |||
| Mar 27, 2025 | Price Decreased |
$595,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jan 18, 2025 | Relisted | $600,000 | |
| Relisted | |||
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About Falcon Ridge
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$2,495 /mo
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- 1,862 ft²
$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017