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2340 IOWA DRIVE
About This Property
This home has been thoughtfully updated with a brand-new kitchen, stylish bathrooms, and modern vinyl flooring that bring a fresh and inviting feel throughout. The open-concept layout connects the living, dining, and kitchen areas-making it easy to entertain or simply enjoy everyday living.
The kitchen is a true highlight, featuring new cabinets, countertops, fixtures, and appliances. Both bathrooms have been fully renovated with modern finishes, giving you a spa-like retreat at home.
Additional features include a covered carport with extra driveway parking, a fenced yard with plenty of green space. With no HOA, you'll enjoy added flexibility and lower monthly costs.
Conveniently located near Downtown Melbourne, Eau Gallie, shopping, dining, and the Eau Gallie Arts District, you'll also be just minutes from the Intracoastal and the beach-perfect for those who love Florida's outdoor lifestyle.
Move-in ready and freshly updated, this home is waiting for its new owners. Schedule your private showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | Relisted | $305,000 | |
| Relisted | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Price Decreased |
$305,000
↓ $15K
(4.7%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017