5023 Outlook 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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Listed by Robert Slack LLC | $399,999 | |
| Listed by Robert Slack LLC | |||
| | |||
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Deer Lakes may be the most conveniently located neighborhood in all of Brevard county. Whether it is I-95, the beach, The Shops at Viera, to even Downtown Melbourne, it seems like you can be there in fifteen minutes or less.
This home has more going for it than just the location, however. It offers an open and flexible floor plan which can be utilized as either a four bedroom or a three bedroom with home office.
Clean and well cared with a roof from 2019, this home is move in ready and sure to please.
| |||
| Apr 18, 2017 | Sold | ||
| Sold | |||
| Mar 3, 2017 | Listed by Oceans Realty Florida | $244,500 | |
| Listed by Oceans Realty Florida | |||
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About Deer Lakes
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$2,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017