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611 Tulane Avenue
About This Property
Buyer Got Cold Feet! Ready To Sell!
Charming 4-Bedroom Pool Home in the Heart of Melbourne! Nestled in a sought-after Melbourne neighborhood, this well-maintained 4-bedroom, 3-bath home offers all the comforts a family needs. With solid bones and plenty of living space, it's perfect for entertaining or simply relaxing by the large pool! Inside, you'll find a spacious layout, including a large laundry room and 2-car garage for added convenience. The home boasts a large hot water heater with a recirculation tank-say hello to instant hot water-along with a new AC system to keep things cool. Peace of mind with a newer 2022 roof! Located just minutes from historic Downtown Melbourne, you'll love the easy access to local shopping, dining, and entertainment. Plus, with quick routes to I-95 and the beaches, weekend adventures are a breeze. This is the ideal place to put down roots and make lasting memories. Come see it today!
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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 |
|---|---|---|---|
| Nov 15, 2025 | Sold | ||
| Sold | |||
| Oct 3, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Relisted | $299,900 | |
| Relisted | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Relisted | $299,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017