605 Clarke Avenue
About This Property
The oversized living room, kitchen, and dining room allow ample space for all your gatherings. Let the party spill out to your fenced back yard with tropical breezes blowing through the palm trees. There's also a chicken coop back there that you can chose to keep or the sellers will have removed.
Enjoy peace of mind with a 2020 AC system; Metal Hurricane Shutters; Security System; Termite Bond; Repiped Overhead; and a generous 10' x 14' Shed to secure your outdoor equipment.
Nestled in an established neighborhood close to the Eau Gallie Arts District in Melbourne, FL. Great location with easy access to major roadways and conveniently located near shopping, schools and restaurants, and just 10 minutes from the beach.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 17, 2025 | Sold | ||
| Sold | |||
| Mar 17, 2025 | In contract | - | |
| In contract | |||
| Mar 15, 2025 | Price Decreased |
$279,000
↓ $6K
(2.1%) | |
| Price Decreased | |||
| Feb 15, 2025 | Listed by Blue Marlin Real Estate | $285,000 | |
| Listed by Blue Marlin Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017