2905 Sunset Road
About This Property
This property offers 3 bedrooms and 2.1 bathrooms. The home features a durable metal roof, a large kitchen area, and an expansive living room with a fireplace. The existing 3-car carport has potential to be converted into a detached 3-car garage. A long driveway provides ample parking and access. The home is located on a dead end street. Near shopping and schools.
The property qualifies for FHA 203K financing, making it a strong candidate for renovation loans. Investors and homeowners can remodel to meet their specific needs or create rental income potential.
This home is being Sold As-Is condition with no warranties.
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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 27, 2025 | Sold | ||
| Sold | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Realty City Inc | $274,900 | |
| Listed by Realty City Inc | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Listed | $199,900 | |
| Listed | |||
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Short Sale. Unlock the potential of this practically blank canvas located in a highly desirable area of West Melbourne. This 3-bedroom, 2-bathroom home sits on a generous lot and offers an incredible opportunity for investors, flippers, or buyers looking to customize their dream home.
While the property needs significant TLC, the layout and location make it a diamond in the rough. With a little vision and creativity, you can transform this space into a true gem. The spacious yard offers plenty of room for outdoor living, a garden, or even a pool.
Conveniently located just minutes from shopping, dining, schools, and major roadways, this home combines quiet suburban living with city accessibility. Cash or renovation loan only.
Don’t miss this chance to create value in one of Melbourne’s most promising neighborhoods. Priced to sell – act fast!
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Property Highlights
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About Sunset Gardens
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Last Updated: 12 months ago
Data Source: Space Coast MLS, MLS# 1053764
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