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2870 Locksley Road
About This Property
Partially fenced yard.
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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 |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Listed by RE/MAX Elite | $269,900 | |
| Listed by RE/MAX Elite | |||
| | |||
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Welcome to this centrally located Melbourne gem offering 3 bedrooms, 2 bathrooms, and a 1-car garage CONCRETE block home that blends comfort, convenience, and peace of mind. Inside, you'll find a clean, modern feel with no carpet, stylish vinyl flooring, newer baseboards, and popcorn ceilings already removed. Custom closets provide smart storage, while updated lighting and fans add a polished touch throughout. The kitchen features a newer dishwasher and sits conveniently next to a spacious interior laundry room. Major updates including plumbing, the electrical panel, and a newer outdoor AC unit add long-term value and confidence. PLUMPING RE-PIPED with PEX in 2013 (est).
Step outside to enjoy standout features like a durable METAL ROOF, hurricane shutters, and gutters for added protection. The COVERED BREEZEWAY creates a great space for relaxing or entertaining, while the fully FENCED yard includes a powered workshop ideal for hobbies, storage, or projects. Located within walking distance to the King Center, Wickham Park, Eastern Florida State College, shopping, and local schools, this home offers exceptional everyday convenience. Whether you're a first-time buyer, downsizing, or investing, this property delivers on updates, location, and overall value.
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| Jun 22, 2022 | Sold | ||
| Sold | |||
| May 12, 2022 | Listed by EXIT 1st Class Realty | $230,000 | |
| Listed by EXIT 1st Class Realty | |||
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About Sherwood Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017