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4127 Merrick Drive
About This Property
The Lismore has an inviting foyer that opens to a bright and functional living space designed for everyday comfort. Two secondary bedrooms and a full bathroom are conveniently located near the front of the home, offering flexible space for guests, family members, or a private home office--perfect for balancing work and play. Each room includes ample closet space and easy access to the shared bath.
At the heart of the home, an open concept living area brings everyone together. The kitchen features a center island with bar seating, creating a welcoming gathering place after a day on the golf course or enjoying nearby outdoor activities. The adjoining dining area flows seamlessly into the living room, making it easy to host casual dinners or relax with family and friends.
Tucked away at the rear of the home, the owner's suite provides a quiet retreat. This spacious bedroom is paired with an ensuite bathroom offering a dual vanity, walk-in shower, and a large walk-in closet--ideal for storing everything from golf attire to outdoor gear.
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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 25, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$244,900
↓ $12K
(4.5%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by DR Horton Realty of Emerald Coast, LLC | $256,400 | |
| Listed by DR Horton Realty of Emerald Coast, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017