31
Map
7948 Timberlake 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 |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| May 20, 2024 | Listed by Compass Florida, LLC | $724,900 | |
| Listed by Compass Florida, LLC | |||
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RARE opportunity to own an updated/upgraded home in West Melbourne's desirable Timberlake community. Wide streets, large lots and mature landscaping/trees welcome you to this big bright and airy executive pool home. Offering 4 bedrooms plus office/bonus room, this home boasts one of the neighborhood's largest fenced backyards with a sparking, heated pool with waterfall. Perfect for parties and BBQ's! Sip your coffee or wine with a good book in your private gazebo or start your garden! Brand new kitchen is perfect for the chef: abundant storage, granite counters, and SS appliances. Bring your toys, with room for sheds, RV/boats, and an oversized 586 sq ft garage. New roof, Armor Screen porch enclosure, and septic ensure many years of low maintenance, easy, comfortable living with affordable insurance too! Hurry, this one won't last!
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| Jul 2, 2021 | Sold | ||
| Sold | |||
| May 19, 2021 | Listed by Coldwell Banker Paradise | $470,000 | |
| Listed by Coldwell Banker Paradise | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017