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3120 Forest Creek Drive
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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%.
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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 |
|---|---|---|---|
| May 20, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Listed by Coconut Properties Fl Real Est | $538,600 | |
| Listed by Coconut Properties Fl Real Est | |||
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Welcome to this charming 4-bedroom, 2.5-bath pool home with a spacious den, perfectly situated on a tranquil water view lot in the highly sought-after Forest Creek community. From the moment you enter, you're greeted with a stunning view of the screened pool and serene pond beyond creating an immediate sense of relaxation and home. This well-maintained property features plantation shutters throughout, tile flooring in the main living areas, new carpet in the bedrooms, and fresh interior paint for a move-in ready experience. Enjoy peace of mind with major updates already completed, including Hurricane windows 2025 with transferable warranty, a 2022 roof and gutters and a 2023 A/C system.
Step outside to your private screened pool area, where you can unwind with breathtaking sunset views in the evening or start your day with coffee while watching ducks and sandhill cranes by the water.
Conveniently located just minutes from L3Harris, Florida Institute of Technology, shopping, Dining, Historic Downton Melbourne, many more attractions nearby including Kennedy Space Center.
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| Jun 30, 2023 | Listed by Non-MLS or Out of Area | $549,000 | |
| Listed by Non-MLS or Out of Area | |||
| Jun 19, 2023 | Sold | ||
| Sold | |||
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Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 968789
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017