780 Clarke Avenue
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 |
|---|---|---|---|
| Apr 10, 2025 | Listed | $320,000 | |
| Listed | |||
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Welcome to this beautifully updated 4-bedroom, 3-bathroom home in the desirable city of Melbourne, FL! Offering 1,677 sqft of thoughtfully designed living space, this home has been completely modernized while still preserving its original character. Built in 1963, it has been meticulously renovated to cater to today’s lifestyle, providing the perfect balance of style, comfort, and functionality.
Step inside and be welcomed by a spacious, open floor plan that flows seamlessly from room to room. The kitchen features modern finishes and appliances, while the bright and airy living areas offer plenty of room for family gatherings or entertaining guests. The large windows allow natural light to pour in, highlighting the fresh, contemporary design.
Key updates include a brand-new roof installed in 2022, giving you peace of mind for years to come. The AC was replaced in 2019, ensuring comfort year-round, and a new backyard fence was installed in 2024, providing a private and secure outdoor space to relax or entertain.
The expansive backyard is a perfect retreat, offering plenty of space for outdoor activities, gardening, or just unwinding after a long day. Located in a charming neighborhood with easy access to shopping, dining, and local attractions, this home is ideal for anyone looking for convenience without sacrificing comfort.
Whether you're a growing family or a professional looking for a modern, turnkey home in a prime location, this property is the perfect fit. Don’t miss your chance to own this spectacular home—schedule your tour today and see all that it has to offer!
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| Mar 6, 2023 | Sold | ||
| Sold | |||
| Oct 20, 2022 | Listed by Compass Florida LLC | $294,900 | |
| Listed by Compass Florida LLC | |||
| Aug 19, 2022 | Sold | ||
| Sold | |||
| Jun 4, 2022 | Listed by Compass Florida LLC | $205,000 | |
| Listed by Compass Florida LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017