515 Melanie Circle
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 14, 2025 | In contract | - | |
| In contract | |||
| Aug 8, 2025 | Listed by Waterman Real Estate, Inc. | $369,900 | |
| Listed by Waterman Real Estate, Inc. | |||
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Absolutely beautiful remodeled, Move-in Ready 4 bedroom home located in convenient Belle Terrace community. The best location in the neighborhood tucked away in the back with no through traffic and no home beside you. Also lots of extra parking areas for guests. Completely private back yard w/nice trees, landscape, trussed screened porch & privacy fenced. Peace & quiet w/a great setting. Remodeled throughout w/all new LVP flooring(no carpet). Open island kitchen w/42'' cabinets w/soft close doors/drawers, huge walk-in pantry & massive 10ft quartz island! Modern floor plan w/high vault ceilings. New roof in 2023. Hurricane shutters. Blinds & window treatments. Indoor laundry room w/new washer/dryer. Lots of extras & upgrades in this perfect home. Pleasure to show. Taxes are based on no Homestead Exemption. If Buyer files for Homestead, taxes will be lowered. Great location close to Harris, Northrop Grumman, FL State College, & short drive to the beaches.
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| Apr 20, 2022 | Sold | ||
| Sold | |||
| Feb 21, 2022 | Listed by One Sotheby's International | $350,000 | |
| Listed by One Sotheby's International | |||
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017