2825 Jolena Drive
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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 |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| May 25, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Listed by Denovo Realty | $639,900 | |
| Listed by Denovo Realty | |||
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Accepting back up offers! This is the one you've been waiting for. Welcome to effortless Florida living in this turn-key 2015 Melbourne pool home, perfectly tucked inside a quiet gated community of just 57 homes. This bright and inviting 4-bedroom, 3-bath layout shines with soaring 11-foot ceilings, abundant natural light, updated fixtures, and incredible storage, including a massive walk-in closet and pantry. Out back, your private oasis awaits with a custom heated pool and spa with full wireless controls, a gorgeous patio for relaxing and entertaining, and lush refreshed landscaping, all set against a peaceful preserve backdrop. Net-zero efficient design, owned solar panels, hurricane shutters, security cameras, and a $10k Thermador professional gas range add standout value. All in a super central north Melbourne location close to Suntree, Viera, shopping, dining, and everyday conveniences. Homes in Pineda Springs don't come around often, and a home like this... even less.
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| Jun 8, 2025 | Price Decreased |
$699,900
↓ $29K
(4%) | |
| Price Decreased | |||
| May 2, 2025 | Price Decreased |
$729,000
↓ $21K
(2.8%) | |
| Price Decreased | |||
Property Highlights
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About Melbourne
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,800 /mo
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- 2,352 ft²
$3,000 /mo
- 3 Beds
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- 1,779 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017