131 Tropical Way Way
About This Property
This 4 bedroom home located in the highly desirable Freeport neighborhood of Brandon Oaks.
Enjoy living minutes away from Mallet Bayou, Lagrange Bayou, and Choctawhatchee Bay with easy access to public boat launches.
Spend your mornings relaxing on the covered porch, and evenings with the family in the expansive backyard.
Your new home has just been freshly painted, with new carpet installed. No Hoa to worry about your boat or Rv parking.
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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 |
|---|---|---|---|
| Aug 1, 2022 | Sold | ||
| Sold | |||
| Jul 6, 2022 | Listed by Corcoran Reverie SRB | $329,999 | |
| Listed by Corcoran Reverie SRB | |||
| Mar 5, 2020 | Sold | ||
| Sold | |||
| Aug 23, 2018 | Sold | ||
| Sold | |||
| Jul 31, 2017 | Listed | $190,000 | |
| Listed | |||
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BRAND NEW HVAC SYSTEM JUST INSTALLED JULY 2017. This spacious 4BR/3BA has fresh interior paint throughout and is just minutes away from the Gulf of Mexico and the Bay. Enjoy the new park under the Hwy 331 bridge that is just a couple of minutes away for some good fishing. This great property boasts over 1/3 of an acre, so it is a steal at this price. Come see it today, as it won't last long.The manager has listed the unit size as 1620 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017