965 Bluegrass Lane
About This Property
Step outside to enjoy peaceful views of your very own pond-an ideal backdrop for morning coffee or relaxing evenings. Need space for projects or storage? The detached workshop is ready for all your tools, toys, or creative endeavors.
Love animals? This property is zoned to allow one horse and chickens, giving you the opportunity to enjoy a mini homestead lifestyle without sacrificing convenience. Located just minutes from shopping, dining, and top-rated schools, this rare find combines rural charm with city accessibility.
Don't miss your chance to own this unique and versatile property in one of Rockledge's most desirable locations!
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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 |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Price Decreased |
$475,000
↓ $25K
(5%) | |
| Price Decreased | |||
| Sep 23, 2025 | Price Decreased |
$500,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Jul 24, 2025 | Price Decreased |
$520,000
↓ $5K
(1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017