109 W Pine Lands Loop #UNITB
About This Property
Prominence is a retreat from the modern world and an essential community along scenic 30A. With a blend of coastal resort living, easy access to a vibrant towncenter 'The Hub', and the beautiful beaches of the Emerald Coast.... it's also a way of life in a community that lives up to its name.
The Town of Prominence is located on HWY 30A between Seagrove Beach and Alys Beach, next to WaterSound Beach. Residents will enjoy easy access to a beautiful Town Center (The Hub), Resort style pools, Fitness Center and Private Shuttle Service to the beach access. ''The Hub'' includes restaurants, shops, and an amphitheater with covered event pavilion, a cinema screen for movies, as well as a stage for concerts and events...There's a reason it's called "The Greatest Backyard Party of all Time"
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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 |
|---|---|---|---|
| Oct 27, 2020 | Sold | ||
| Sold | |||
| Aug 28, 2020 | Listed by Berkshire Hathaway HomeServices | $644,500 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017