315 Melbourne Avenue
About This Property
Enjoy cooking in the remodeled kitchen with SS appliances, ample space, and a large center island.
Walk outside into a large screened enclosed patio which has a pool bath and shower, overlooking your own oasis. A pool and expansive yard, perfect for entertaining, barbecues or simple relaxing.
Paver driveway and space for a boat or trailer next to the oversized garage.
Roof 2019, AC 2020, Brand new water heater and irrigation pump.
With its prime location, close proximity to local shops, restaurants, and services, making it easy to enjoy the best of coastal living.
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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 |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
| Feb 17, 2025 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Jan 21, 2025 | Listed by Realty World Curri Properties | $650,000 | |
| Listed by Realty World Curri Properties | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Indialantic by The Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017