406 Mcleod Drive
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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 |
|---|---|---|---|
| Nov 25, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Relisted | $310,000 | |
| Relisted | |||
| Oct 3, 2025 | In contract | - | |
| In contract | |||
| Sep 16, 2025 | Listed by Atlantic Group Real Estate | $310,000 | |
| Listed by Atlantic Group Real Estate | |||
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Charming 2 bedroom, 2 bath home with a bonus room that can serve as a 3rd bedroom, office, or flex space. Located in Carleton Terrace, a waterfront community with exclusive access to a private riverfront park, boat ramp, and a new dock in the works. You'll find original hardwood floors, updated bathrooms, and a layout that blends character with functionality. Major updates include a metal roof (2019) and AC system (2021). Bahama shutters and custom hurricane panels provide protection from the storm. Enjoy the property's privacy with lush landscaping from your screened front porch or on the back patio.
The best of the Space Coast is right around the corner, just minutes to historic Cocoa Village with dining, shopping, and events; a short drive to Cocoa Beach, Port Canaveral, Kennedy Space Center and easy access to SR 528 and I-95 for commuting to Orlando and the attractions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017