2566 Spence Drive NE
About This Property
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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.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$264,000
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Aug 19, 2026 | Listed by Avanti Way Realty LLC | $269,000 | |
| Listed by Avanti Way Realty LLC | |||
| Jun 4, 2026 | Price Decreased |
$274,900
↓ $15K
(5.2%) | |
| Price Decreased | |||
| Apr 28, 2026 | Listed by Waterman Real Estate, Inc. | $289,900 | |
| Listed by Waterman Real Estate, Inc. | |||
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Completely Remodeled 3-Bedroom Home in NE Palm Bay - Big Value in a Smart Space
Welcome home to this beautifully remodeled 3-bedroom, 2.5-bath residence in desirable NE Palm Bay, right off of US-1. Thoughtfully designed to make the most of every square foot, this home offers a comfortable layout, stylish updates, and everyday functionality.
kitchen features ample cabinet storage and a practical layout for easy meal prep. The primary bedroom includes a private en-suite bath, while two additional bedrooms offer flexibility for family, guests, or a home office.
A unique bonus, the detached Air-Conditioned laundry room includes a convenient half bath. City water and sewer service complete the package.
Perfect for first-time buyers, downsizers, or investors, this home delivers modern comfort, affordability, and smart design in one tidy footprint. This is a 1952 built property with an effective age of 2018
Ideally located near the Indian River, FIT & Downtown Melbourne
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| Jan 12, 2026 | Price Decreased |
$309,990
↓ $5K
(1.6%) | |
| Price Decreased | |||
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About Fairview
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$1,125 /mo
- 1 Bed
- 1 Bath
- 8,368 ft²
$4,800 /mo
- 3 Beds
- 2 Baths
- 1,991 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017