6
Map
196 Cove Drive
About This Property
Updates include new plumbing, kitchen, flooring, paint inside and out...this cottage is being offered fully furnished with a few exclusions.
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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 |
|---|---|---|---|
| May 22, 2019 | Sold | ||
| Sold | |||
| Mar 6, 2019 | Listed by Keller Williams Realty Destin | $459,999 | |
| Listed by Keller Williams Realty Destin | |||
| May 16, 2018 | Sold | ||
| Sold | |||
| Oct 27, 2014 | Sold | ||
| Sold | |||
| Apr 11, 2014 | Listed by Sandestin Real Estate | $317,900 | |
| Listed by Sandestin Real Estate | |||
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This cute cottage on Sandestin's Links golf course is nestled among tall pines and mature landscaping. Excellent views down the 8th fairway and of the Choctawhatchee Bay. Home is being offered furnished. Enjoy a first floor master bedroom with walk in closet, owners closet, and a beautiful view of the golf course. This home has a wonderful screened in patio off on the main floor as well as a large balcony on the 2nd floor off the additional master bedroom. The water heater was recently replaced this year, and the AC unit was replaced last year. As an added bonus, the listing brokerage and seller(s) are offering an incentive to the buyer(s) of this property: The choice of a trial Sandestin Clubs Membership or an Amenities Voucher of your choice. You will be just moments away from the brand new Sandestin Executive Health & Wellness Center, Linkside Conference Centers, Another Broken Egg Café, 18 wonder championship golf courses, Baytowne Village, which has several restaurants and retail shopping, the tennis facility, marina, and the beaches of the beautiful Gulf of Mexico.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017