36
Map
476 Crescent Drive
About This 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 |
|---|---|---|---|
| Feb 12, 2026 | Sold | ||
| Sold | |||
| Feb 2, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Price Decreased |
$285,000
↓ $10K
(3.4%) | |
| Price Decreased | |||
| Jan 6, 2026 | Listed by Waterman Real Estate, Inc. | $295,000 | |
| Listed by Waterman Real Estate, Inc. | |||
| |||
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Welcome to your new Melbourne home with no deed restrictions or HOA fees. This 3 bedroom, 2 bathroom home sits on a large .36 acre fenced in lot, with multiple mature trees for shady relief from the FL sun. The front yard can hold plenty of vehicles on it's double driveway, and the backyard has both an attached tool room and a detached 8x10 shed.
Inside this home you'll notice tons of additional built in storage throughout, along with 3 handy murphy beds. Thousands of dollars of items are also included with this home purchase, such as a stackable washer and dryer, 8kw generator, surround sound speaker system, ring doorbell and a tool shed full of bonus items including a chainsaw, leaf blower, step ladders, etc. The roof is only 5 years old, the electric panel has been updated, double pane windows installed, and hurricane shutters all around. This home is well located, just minutes from downtown Melbourne, the beaches, Northrop Grumman and the mall, and not far from Patrick Base.
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| Feb 22, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017