5702 Melaleuca Drive
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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.
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 |
|---|---|---|---|
| Apr 8, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Listed by EXP Realty LLC | $690,000 | |
| Listed by EXP Realty LLC | |||
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Beautiful 3-bed, 2-bath single-family home with over 2,500 sq ft of air-conditioned living space, designed for privacy and entertaining. The split floor plan is ideal for families with older children or an in-law suite. A stunning central atrium sits at the heart of the home, filling the space with natural light and serving as a true conversation starter. Spacious living areas flow to the outdoor retreat featuring a resurfaced pool (2023) and jacuzzi with new heat pump (2024). Enjoy ultimate privacy surrounded by mature landscaping and fruit trees, including fig, mulberry, star fruit, banana, mango, and coconut. Major upgrades include a new roof (2024), impact windows and doors, and solar panels for energy efficiency. The primary suite offers an oversized walk-in closet that is a must-see.
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| Aug 12, 2020 | Sold | ||
| Sold | |||
| Jun 8, 2020 | Listed by Keller Williams Realty Boca Raton | $425,000 | |
| Listed by Keller Williams Realty Boca Raton | |||
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About Tamarac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017