7385 W Mercada Way
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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 |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by Lang Realty - Boynton Beach | $499,000 | |
| Listed by Lang Realty - Boynton Beach | |||
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Bright, immaculate,1 story home with 3 bdrms/2 baths and 2 car garage. This spacious lakefront home is a split bedroom floor plan with many upgrades: newly renovated quartz counters in kitchen and bathrooms, new appliances (including water heater), high ceilings, fans, walk-in closets, and more. This home is ready for your decorating touches! Enjoy the serene lake view from your screened paved patio and kitchen.The tranquil lakefront backyard is perfect for you to enjoy a day in paradise. Come live the life style of Valencia Falls. State of the art amenities: Recently renovated clubhouse, card rooms, resort style pools, social hall, fitness center, cafe, pickleball, tennis, and much more. Close to highways, beach, restaurants, & downtown. Move in ready!
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| Apr 11, 2023 | Sold | ||
| Sold | |||
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About Valencia Falls
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Currently no similar homes aroundNearby Rentals
$6,000 /mo
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- 2,489 ft²
$5,200 /mo
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- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017