42
Map
681 Hibiscus Drive
About This Property
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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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | Price Decreased |
$590,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Nov 18, 2024 | Listed by Blue Marlin Real Estate | $600,000 | |
| Listed by Blue Marlin Real Estate | |||
| | |||
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Beachside Luxury Just Steps from the Ocean! This solid concrete block home with a 2-car garage is only 700 feet from the beach, offering an unbeatable coastal lifestyle in Satellite Beach with no HOA. The large mother-in-law suite includes a full kitchen and private entrance—perfect for guests or rental income. Enjoy a 5-recliner, elevated movie theater with a full system that conveys—MUST SEE TO BELIEVE! Recent updates include a 2019 roof, 2024 HVAC, 2024 water heater, and smart appliances. The home features pavers throughout, a 30-foot gazebo, and a relaxing spa hot tub in the backyard oasis. Solar panels make the home energy-efficient, with any extra usage earning immediate FPL credits. The lanai is equipped with electric and ceiling fans. Located in an A-rated school district, this home combines luxury, comfort, and beachside convenience. Whether for family living or rental opportunities, this property offers true Florida luxury living just steps from the ocean!
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| Mar 25, 2021 | Sold | ||
| Sold | |||
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About Satellite Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017