4457 Parkway Drive
About This Property
" Beaches: Just 15-20 minutes to the Atlantic coastline, including popular Melbourne Beach and Indialantic.
" Kennedy Space Center: Approximately 35-40 minutes, offering easy access to launches, tours, and visitor attractions.
" Orlando Attractions:
o Disney World: ~70-75 miles (about 1 hr 15-20 min)
o Universal Orlando: ~70 miles (about 1 hr 10-15 min)
o SeaWorld Orlando: ~65-70 miles (about 1 hr 10 min)
" Orlando International Airport (MCO): (60-65 min)
"AS IS" CONTRACT. WASHER/DRYER NOT INCLUDED
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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 | Price Decreased |
$699,000
↓ $21K
(2.9%) | |
| Price Decreased | |||
| Jul 23, 2026 | Listed by Reliable Realty & Assoc. LLC | $719,500 | |
| Listed by Reliable Realty & Assoc. LLC | |||
| Jun 19, 2015 | Sold | ||
| Sold | |||
| Nov 19, 2014 | Listed by Reliable Realty & Assoc. LLC | $244,900 | |
| Listed by Reliable Realty & Assoc. LLC | |||
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017