14
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789 Walnut 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 |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Nov 22, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Listed by Golden Group Realty LLC | $315,000 | |
| Listed by Golden Group Realty LLC | |||
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Welcome to 789 Walnut Drive in beautiful Melbourne, Florida — a fully renovated 3-bedroom, 2-bath home showcasing modern style and thoughtful design. Step inside to discover a bright, open family room and dining area with updated LED lighting throughout. The kitchen features white Shaker cabinetry, elegant Carrara marble countertops, and stainless steel appliances. The spacious primary bedroom is privately set at the rear of the home, offering patio access and serene views of the fenced backyard. Its ensuite bath boasts a beautifully tiled walk-in shower with classic subway details and a stylish vanity. Two guest bedrooms share a full bath with a tub and shower combination. Additional highlights include a newer air conditioner, water heater, full-size stackable washer and dryer, and brand-new rain gutters. The one-car garage and fully fenced yard add convenience and comfort. Impeccably clean and move-in ready — this home feels brand new! Centrally located near shops, dining, and more.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 10, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017