101 Fletcher Way
About This Property
These coastal homes feature:front porch gas accent lights, Navien tankless instant water heaters with recirculation pumps, gas fireplace option, metal roofs, sentricon stations, golf cart pads, rain
shower in the primary bath, soaker tub, wood shelf pantry and luxury vinyl flooring throughout. The HOA maintains the front yard and all homes are on a well irrigation system managed by the HOA.
If you are looking for a new home within a coastal retreat community in the revitalized Old Destin area, come let the charm of The Destin Cottages whisk you away.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Real Estate Empowered LLC | $627,000 | |
| Listed by Real Estate Empowered LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017