385 Ocean Spray Avenue
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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 |
|---|---|---|---|
| Jul 8, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Apr 29, 2025 | Listed by Don Harkins Realty, LLC | $450,000 | |
| Listed by Don Harkins Realty, LLC | |||
| Apr 14, 2025 | Listed by EXP REALTY LLC | $450,000 | |
| Listed by EXP REALTY LLC | |||
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Welcome to your dream coastal retreat! This beautifully remodeled 3-bedroom, 2-bath home is perfectly situated on a spacious lot just a short 5-minute walk to the sandy shores of Satellite Beach and a quick drive to the vibrant Cocoa Beach. Inside, you'll fall in love with the stunning, open-concept kitchen featuring custom cabinets, gleaming granite countertops, and stainless steel appliances—all seamlessly flowing into the dining area and great room, perfect for entertaining or everyday living. The oversized one-car garage offers ample storage space, while the charming paver driveway and tropical palm-lined front yard create eye-catching curb appeal. Enjoy warm breezes from the comfort of the screened-in front porch or host unforgettable gatherings on the open back patio overlooking the huge backyard with endless potential. Located close to great local restaurants, lively bars, and several nearby parks, this home offers the perfect blend of beachside living and modern comfort. Don’t miss out on this incredible opportunity!
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About Ocean Spray Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017