4022 Wilkes Drive
About This Property
Inside, the open floor plan and vaulted ceilings create a bright, spacious feel throughout the main living areas. The kitchen offers plenty of cabinetry and workspace while overlooking the adjoining living and dining areas, making the layout functional for both everyday living and entertaining.
The primary suite features vaulted ceilings and a spacious ensuite bath with a soaking tub, separate walk-in shower, and large vanity. Three additional bedrooms provide plenty of flexibility for guest rooms, hobbies, or dedicated home office space.
Outside, a screened patio overlooks the large fenced backyard with plenty of room for pets, gardening, play, or future outdoor improvements. Additional features include a dedicated laundry room and an inground irrigation system with its own well and pump.
With easy access to Florida Institute of Technology, L3Harris, Northrop Grumman, shopping, dining, parks, and everyday conveniences, 4022 Wilkes Drive offers an updated 4-bedroom home in a convenient Melbourne location with generous indoor and outdoor living space.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$352,000
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Jul 8, 2026 | Listed by Compass Florida, LLC | $355,000 | |
| Listed by Compass Florida, LLC | |||
| Feb 19, 2026 | Price Increased |
$369,000
↑ $20K
(5.7%) | |
| Price Increased | |||
| Nov 19, 2025 | Relisted | $349,000 | |
| Relisted | |||
| Nov 10, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017