112 Bay Tree Drive
About This Property
located minutes to beaches, Destin's Best Shopping, and Many of the area's Newest, trendy restaurants, is a MUST SEE! Recently major renovation, including new interior paint, limestone fireplace, new bath hardware, New LPV Luxury Flooring throughout, new blinds, updated door hardware, new Bosch dishwasher and microwave 2020. Newer Carrier HVAC installed 2017, PLUS New Roof 2022. Beautiful open floorplan, ,high ceilings, screened porch, 2 car garage with epoxy easy clean floor, and fenced backyard add to the many coveted features of this low maintenance brick rancher The Bayside community offers community pool, tennis courts, and secure private bayfront fishing pier.
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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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $514,888 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Oct 25, 2022 | No longer available | - | |
| No longer available | |||
| Sep 27, 2022 | Relisted | $499,995 | |
| Relisted | |||
| Sep 23, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017