4
Map
2816 Watkins 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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Price Decreased |
$369,000
↓ $11K
(2.9%) | |
| Price Decreased | |||
| Jul 30, 2025 | Listed by Atlantic Group Real Estate | $380,000 | |
| Listed by Atlantic Group Real Estate | |||
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Tropical Paradise Awaits... Beautifully updated SPLIT plan POOL home located in Central Melbourne - durable concrete block construction, 3 bedrooms, 2 bathrooms with two-car garage. Additional paved parking can accommodate an RV or boat. Bonus space off the kitchen could serve as an office or game room, laundry room is the size of another bedroom offering additional storage space. Primary bedroom has a large walk-in closet with private en suite bathroom. The pool features a waterfall, sun-shelf and lounge area with natural landscaping surrounding, creating a secluded, tropical paradise feel. Metal roof (2005), modern HVAC system (2020), Water Heater (2018), Pool Pump (2025), fresh exterior paint (2025), and other key updates throughout the home.
Investor Opportunity: Successfully operating as a short-term rental with nearly 5 years of proven rental history, making it an excellent turnkey investment. Call agent for additional details and potential seller financing if interested.
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| Apr 3, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017