$108,000
●
House -
Off Market
3715 Driftwood Drive
Melbourne, FL 32935
3 Beds
2 Baths
1,354 Ft²
$205,765
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model
About This Property
Cozy home close to shopping, Eastern Florida State College, the
King Center, Wickham park and schools. Open, airy floor plan. 2 car
driveway. 1 car garage converted to 3rd bedroom / den (under AC).
Home was a sub-division model, the ''sales office'' was in the
''garage'', it has always been a 3rd bedroom / den and never used
as a garage. New carpet, flooring and paint 2015. AC replaced 2006,
roof replaced 2005. Skylights in great room & kitchen. Fireplace.
Refrigerator, stove, dishwasher, garbage disposal. Washing machine
& dryer hookups. Gas water heater. Screened back porch, tool shed.
The sliding glass doors both open allowing a magnificent river
breeze! Double wide driveway avoids the ''car shuffle''.
Playground, pool and tennis court are right across the street -
very convenient.
Unit Size
1,354 Ft²
Days on Market
49 days
Land Size
-
Price per sqft
$86
Property Type
House
Property Taxes
$139
HOA Dues
$45
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (Space Coast MLS #733079)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by RE/MAX Aerospace Realty | $269,000 | |
| Listed by RE/MAX Aerospace Realty | |||
| | |||
|
Step into easy living in Melbourne! Imagine whipping up your favorite dishes in a stylish kitchen, complete with sleek stainless steel and updated appliances. This delightful 2-bedroom, 2-bath single-family home also offers a super handy 1-car garage that's even insulated and air-conditioned - think workshop or workout haven!
Peace of mind comes standard with a 2017 roof, impact windows installed in 2022, and a beautifully remodeled primary bath, also from 2022. Plus, with fresh front, back, and garage doors added in 2020, this place is truly ready for you to drop your bags and relax.
Craving convenience? You're just around the corner from Wickham Park's green spaces and a variety of shops and restaurants. This isn't just a house; it's your next chapter waiting to be written in Melbourne!
| |||
| Oct 9, 2015 | Sold | ||
| Sold | |||
| Aug 21, 2015 | Listed by FlatFee.com | $116,000 | |
| Listed by FlatFee.com | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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About Cedar Run
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Listed by: Cliff Glansen, FlatFee.com
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 733079
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 733079
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