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4351 Silver Lake Drive
About This Property
This charming residence boasts a new roof (2024), new gutters (2024), beautiful updated paver driveway, and A/C replaced in 2022 for peace of mind. Inside, you'll find updated 5-inch baseboards throughout, French doors, and a functional layout with an in-unit laundry. The kitchen is equipped with a gas range and gas hot water heater, while the well-fed sprinkler system keeps the lawn lush year-round. Aluminum hurricane shutters provide added protection.
Located just minutes from Melbourne's shopping, dining, and entertainment-and only a short drive to the beach-this home offers the perfect blend of convenience and coastal living. Priced to sell, this one won't last-schedule your private showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 4, 2026 | Sold | ||
| Sold | |||
| Jan 5, 2026 | In contract | - | |
| In contract | |||
| Dec 22, 2025 | Price Decreased |
$330,000
↓ $20K
(5.7%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by RE/MAX Elite | $350,000 | |
| Listed by RE/MAX Elite | |||
| May 29, 2025 | Price Decreased |
$399,990
↓ $10K
(2.4%) | |
| Price Decreased | |||
Property Highlights
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About South Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017