31
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907 Espanola Way
About This Property
The kitchen includes a cozy eating nook, perfect for casual meals, and flows into the main living areas with plenty of natural light. Enjoy the bonus of a large enclosed side porch, an extra-spacious screened back porch, and a fully fenced backyard--ideal for relaxing, entertaining, or pets.
Whether you're a first-time buyer, investor, or looking to downsize, this centrally located home offers solid construction and great potential, all at an affordable price.
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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 17, 2026 | Listed by Innovative Realty Florida, Inc | $315,000 | |
| Listed by Innovative Realty Florida, Inc | |||
| May 7, 2026 | Relisted | $315,000 | |
| Relisted | |||
| May 3, 2026 | No longer available | - | |
| No longer available | |||
| Sep 24, 2025 | Price Decreased |
$315,000
↓ $35K
(10%) | |
| Price Decreased | |||
| Sep 23, 2025 | Listed by Waterman Real Estate | $349,900 | |
| Listed by Waterman Real Estate | |||
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Located in the heart of Melbourne, this well-built concrete block (CBS) home offers comfort, space, and value—all for under $350,000. With three bedrooms and two bathrooms, this property features all tile flooring throughout for easy maintenance and a fresh, uniform look.
The kitchen includes a cozy eating nook, perfect for casual meals, and flows into the main living areas with plenty of natural light. Enjoy the bonus of a large enclosed side porch, an extra-spacious screened back porch, and a fully fenced backyard—ideal for relaxing, entertaining, or pets.
Whether you're a first-time buyer, investor, or looking to downsize, this centrally located home offers solid construction and great potential, all at an affordable price.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017