15
Map
2938 Chipper Drive NE
About This Property
Located on a private, fenced lot, this 2/1 home has had some updating on the inside. Tile and laminate floors throughout! Recently painted.
There is a large screened and covered porch out back for year round enjoyment.
A small storage shed and a larger workshop also on property.
Easy access to the highway, shopping, area employers, beaches and so much more.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 11, 2025 | Sold | ||
| Sold | |||
| Jul 11, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Relisted | $195,000 | |
| Relisted | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by RE/MAX Elite | $195,000 | |
| Listed by RE/MAX Elite | |||
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Welcome to this affordable and well maintained home, perfect for primary residence or investment, perfectly located just minutes away from all kinds of amenities, Melbourne beach just 15 min away, dont let this one go and come look at it today.
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017