1 Palm 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 |
|---|---|---|---|
| Jun 21, 2018 | Sold | ||
| Sold | |||
| Jul 31, 2017 | Listed | $704,000 | |
| Listed | |||
| | |||
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Real Estate Owned REO. Executive home on Lake Clyde with Bay access and an awesome view of the Bay and Destin. Large foyer entry with ceiling that vaults to the second story and spiral staircase to the second floor. Formal living room with hardwood floor. Formal dining room with hardwood floor and crown molding. Family room with hardwood floor, wainscoating, gas fireplace, recessed lights, and wet bar. Gourmet kitchen with Corian counter tops and sink, tile floor, European cabinets, Jennaire smoothtop stove, Whirlpool oven and microwave, and Whirlpool dishwasher. Adjoining 19x12 utility room and pantry. Study off the foyer. Spacious Florida room that runs the entire length of the back of the house and overlooks the pool, the lake, and the bay. Call to take a look today.The manager has listed the unit size as 4338 square feet.
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| Jul 17, 2017 | Listed by ERA American Real Estate | $571,900 | |
| Listed by ERA American Real Estate | |||
| Jun 13, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017