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400 Jonquil Lane
About This Property
Step outside into the backyard and you'll find yourself surrounded by beautiful gardens that have been lovingly maintained. This outdoor oasis is the perfect place to relax and unwind, whether you're enjoying a morning coffee on the patio or hosting a barbecue with friends and family. The lush greenery and colorful flowers create a serene and peaceful atmosphere, making it the ideal spot for outdoor entertaining or simply enjoying the beauty of nature.
Located in a central and convenient location, this home offers easy access to all that Melbourne has to offer.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Listed by LPT Realty, LLC | $229,000 | |
| Listed by LPT Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017