907 Tropic Drive
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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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Price Decreased |
$849,000
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed by Compass Florida LLC | $899,000 | |
| Listed by Compass Florida LLC | |||
| | |||
|
Live the ultimate coastal lifestyle in Silver Shores! Just steps from the beach, this beautifully upgraded home has soaring vaulted ceilings, sun-filled skylights, and impact windows and sliders that create a bright feel, enhanced by plantation shutters and designer pendant lighting. The showstopping kitchen wows with quartz counters, stainless steel appliances, double ovens, a spacious island, stunning tile backsplash, and sleek 2024 wine bar. Unwind in the 2024 extended screened porch with hot tub. With a 2023 generator, propane tank, new electrical panel, metal roof, and paver driveway.
| |||
| Oct 21, 2022 | Sold | ||
| Sold | |||
Property Highlights
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Price/ft²
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About Vero Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017