308 Formosa 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 |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Price Decreased |
$799,999
↓ $25K
(3%) | |
| Price Decreased | |||
| Oct 29, 2025 | Listed by Dale Sorensen Real Estate Inc. | $824,999 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| | |||
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Don't miss this extraordinary, turnkey property, in the heart of downtown Cocoa Beach, perfect as a vacation rental, second home or primary residence! This 4 bedroom, 3 full bathroom, concrete block home offers everything you need for a tropical escape or everyday retreat. With a unique open floor plan and a spacious private swimming pool, its ideal for family gatherings. The fenced backyard will keep your pets and children safe as you enjoy the sunshine! Sitting on a 3rd of an acre corner lot, the home features stunning quartz countertops, custom open shelves and an oversized pool and deck. The thoughtful layout includes a private owner's suite with a fireplace and French doors leading to the pool. Just 2 blocks from the beach and within walking distance to popular restaurants, you're only 5 minutes from Ron Jon Surf Shop, 15 minutes to Port Canaveral and 30 minutes to the Kennedy Space Center. Orlando International Airport and Disney world are both about an hour away. Schedule today
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| Jan 3, 2023 | Sold | ||
| Sold | |||
Property Highlights
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About Cocoa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017