2288 Hamlet Drive
About This Property
Discover the perfect blend of comfort and old Florida charm in this 4-bed, 2-bath pool home centrally located in Melbourne, Florida. Tucked away in a small, private community on Lake Washington, this single-family residence is the perfect place for anyone to call home. Vaulted ceilings greet you, enhancing the sense of space in the open kitchen and living areas. New flooring underfoot adds a touch of modernity.
Step through the doors into a screened-in pool area, where lazy afternoons transform into unforgettable moments. With a 2022 AC unit, ensuring year-round comfort. The master bathroom, recently remodeled, is a private sanctuary of relaxation. Convenience is key, with a 2-car garage and proximity to both the beaches and I-95.
Recent upgrades: Luxury Vinyl flooring, re-plumbed all water lines in home, updated master bathroom shower and bath, new motor for pool, new motor for sprinkler system, 2022 HVAC.
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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 31, 2024 | Sold | ||
| Sold | |||
| Apr 30, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2023 | Listed by Endless Summer Real Estate | $489,900 | |
| Listed by Endless Summer Real Estate | |||
| Mar 1, 2023 | Sold | ||
| Sold | |||
| Dec 1, 2022 | Listed by Endless Summer Real Estate | $479,000 | |
| Listed by Endless Summer Real Estate | |||
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About Hamlet
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017