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714 John Carroll Lane
About This Property
The home is served by public water for household use and features a private irrigation well for watering the lawn and landscaping, providing significant savings on outdoor water costs.
Conveniently located in West Melbourne with easy access to shopping, dining, schools, major roadways, and all that the Space Coast has to offer.
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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 |
|---|---|---|---|
| Sep 19, 2026 | Price Decreased |
$382,000
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Sep 12, 2026 | Price Decreased |
$385,000
↓ $4K
(1%) | |
| Price Decreased | |||
| Aug 28, 2026 | Listed by Real Broker, LLC | $389,000 | |
| Listed by Real Broker, LLC | |||
| Jan 31, 2023 | Sold | ||
| Sold | |||
| Dec 20, 2022 | Listed by Real Broker, LLC | $365,000 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017