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2284 Windham Drive
About This Property
Tucked beneath the gorgeous oak trees of a mature, established neighborhood, this home has been thoughtfully transformed by an artist with an eye for details you will not find everywhere. From the vintage wine barrel straps repurposed into kitchen light fixtures to the carefully selected finishes throughout, every room offers something interesting to discover. The remodeled kitchen serves as the heart of the home, blending character with everyday functionality. A solar tube and skylight bring in additional natural light, while the screened patio creates a comfortable space to relax throughout the year. Beyond the design, the home has received meaningful improvements where they matter most. A new air conditioning system with all new ductwork was installed in December 2025, along with new insulation in the crawlspace and attic. The roof and skylight were replaced in 2023, and hurricane impact windows were installed in 2018. Outside, the fully fenced backyard feels private and inviting, with plenty of room for pets, gardening, entertaining, or simply enjoying the shade of the surrounding trees. Front and rear pavers, a pergola, and garage door screens add even more function to the outdoor spaces. Located in a central and convenient area with a low HOA, you are just a short drive from the beach, shopping, dining, and everything the Space Coast has to offer. This is an updated home with warmth, creativity, and character, set in the kind of neighborhood that feels established from the moment you arrive.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017