21
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2542 Appalachian Drive
About This Property
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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 |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Oct 24, 2025 | In contract | - | |
| In contract | |||
| Oct 18, 2025 | Listed by LoKation | $350,000 | |
| Listed by LoKation | |||
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Welcome to Lansing Ridge — a highly desired Melbourne community. This 3BR/2BA split-plan home sits at the end of a quiet cul-de-sac with one of the largest lots in the neighborhood! Tile flooring throughout and an open, light-filled layout. The kitchen features granite countertops and a breakfast bar that flows into the living and dining areas. The primary suite is privately located with a walk-in closet and ensuite bath. Major updates include 2015 roof, 2017 A/C and 2021 water heater for peace of mind. Enjoy a 2-car garage and a low-traffic location just minutes to shopping, dining, I-95, top schools, and the beach. Homes in Lansing Ridge sell quickly — don't miss this one!
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| Jun 23, 2017 | Sold | ||
| Sold | |||
| May 1, 2017 | Listed by BHHS Florida Realty | $239,900 | |
| Listed by BHHS Florida Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017