3709 Driftwood 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 29, 2026 | Sold | ||
| Sold | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Price Decreased |
$269,900
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Mar 1, 2026 | Price Decreased |
$279,900
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Feb 16, 2026 | Listed by Denovo Realty | $285,000 | |
| Listed by Denovo Realty | |||
| | |||
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PRICE IMPROVEMENT-MOVE IN READY! Welcome to this well-maintained 3-bedroom, 2-bath home in Melbourne's desirable Cedar Run community. This single-story property includes a 1-car garage and access to a community pool. The kitchen features stainless steel appliances(2022), and recent updates include a new roof(2022), hot water heater(2026), washer, and gas dryer(2022). IMPACT RATED WINDOWS (2021) and a NEW IMPACT RATED Front Door(2019) provide added protection and energy efficiency. Enjoy outdoor living on the newly screened front patio(2020). Conveniently located near Florida Eastern College, Wickham Park, shopping, dining, and major roadways, with the beaches approximately 15 minutes away. Move-in ready and centrally located, this home offers comfort, functionality, and easy access to everyday amenities. Schedule your showings!
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About Cedar Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017