4266 Mount Carmel Lane
About This Property
Steal this 4-bed, 2-bath beauty in Eagle Lake-Melbourne's hot South/Central sweet spot between Palm Bay Rd and 192. Nearly 2000 sq. ft. of AC-cooled space screams opportunity! Just 15 min to the beach, 15 min to I-95-shopping, dining, and life are at your fingertips. Quiet sidewalks, a huge green space next door for kids or pets, a 2018 roof, and solar power ($165/mo lease) for low bills. Slap on some TLC, and bank massive equity-this gem could soar past recent area sales of $350K-$525K! Seller's appraisal locks in a killer price at $289,900, plus a $20,000 credit to juice your vision. Move fast-this won't last! (Cats on property)
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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 |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Feb 9, 2025 | Price Decreased |
$289,900
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Sep 24, 2024 | Relisted | $299,900 | |
| Relisted | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Eagle Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017