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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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by Misty Morrison Real Estate | $469,000 | |
| Listed by Misty Morrison Real Estate | |||
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Waterfront beauty in the Gated Community of Sawgrass Lakes Preserve in West Melbourne! This 4BD/ 2BA home w/ office/flex space offers a spacious open floor plan w/ vaulted ceilings, crown molding & New bamboo flooring throughout the living space & a custom front entry design. The kitchen features granite countertops, sleek glass tiled backsplash, a large island with breakfast bar, rich wood cabinetry & New stainless appliances in 2022. The spacious family room flows to a covered porch, perfect for indoor-outdoor living. The primary suite offers porch access, a walk-in closet w/ barn doors, dual sinks w/ granite countertops, a walk-in tiled shower & separate tub. New HVAC & exterior paint in 2024! Resort-style amenities include a beach-entry pool, water slide, clubhouse with gym, tennis courts, community events & more! Ideally located close to top schools, major employers like Northrup Grumman & L3Harris, plus easy access to I-95, shopping & dining. Your dream home awaits!
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| Jan 24, 2018 | Sold | ||
| Sold | |||
| Nov 24, 2017 | Listed by RE/MAX Elite | $299,900 | |
| Listed by RE/MAX Elite | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017