12
Map
308 Oak
About This Property
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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%.
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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 |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 18, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Compass Florida LLC | $1,295,000 | |
| Listed by Compass Florida LLC | |||
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In the heart of SOFA in Melbourne Beach and directly across the street from a private beach access shared by only 20 homes, this fabulous pool home is a dream come true! Spectacular outdoor living on a .42 acre lot with fully fenced back and side yard, large covered lanai, lush landscaping and separate covered deck all overlooking the sparkling pool and deck. Featuring 3 bedrooms and 3 full bathrooms; one of which is a private guest suite with exterior entry, separate laundry and plumbed for a kitchenette. There is also a bonus room perfect for an office, exercise room, den or playroom. Hurricane impact rated windows and doors, 2020 standing seam metal roof with upgraded hurricane straps, luxury vinyl plank flooring throughout, fully updated bathrooms and recently painted interior. Oversized 2 car garage with circle driveway. Incredible location moments from shops and restaurants and a quick drive over the causeway into Melbourne. This home offers the best of island living!
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| Sep 21, 2012 | Sold | ||
| Sold | |||
| Jul 10, 2012 | Listed by RE/MAX Alternative Realty | $220,000 | |
| Listed by RE/MAX Alternative Realty | |||
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About Melbourne Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017