537 SW Sea Spray Drive
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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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2024 | Listed by D.R.Horton Realty of Melbourne | $424,430 | |
| Listed by D.R.Horton Realty of Melbourne | |||
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This all-concrete block constructed, two-story plan has a large open-concept downstairs which includes a well-appointed kitchen, living and dining area. Upstairs, the main bedroom is oversized and can easily fit a king size bed and includes a large walk-in closet as well as ensuite bathroom with an optional double vanity. Four other bedrooms share a second upstairs bathroom while the loft provides an extra area for work or play. This home also comes with a Smart Home package! Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.
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About St. Lucie
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D.R.Horton Realty of Melbourne
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R11027104
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017