27
Map
3890 Merger Drive
About This Property
The interior features of the Cali include EVP flooring in the main living areas and bathrooms and plush carpet in each bedroom. The kitchen is well appointed with a large center island, granite countertops and beautiful white cabinetry. Prep and clean up from all your meals with your name brand stainless-steel appliances including a smooth top stove, microwave and dishwasher. A Smart Home Technology package is included with a Qolsys IQ Touch panel, and smart thermostat and KwikSet Keyless entry.
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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 |
|---|---|---|---|
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$254,900
↓ $19K
(6.9%) | |
| Price Decreased | |||
| Jul 29, 2026 | Listed by DR Horton Realty of Emerald Coast, LLC | $273,900 | |
| Listed by DR Horton Realty of Emerald Coast, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017