23 Newman Drive Drive
About This Property
IN 2014 IT DID $65,231 AND FOR 2015 IT'S BOOKED $66,854 SO FAR.
IT HAS UNDERGONE MANY UPGRADES BUT STILL HAS A FEW MORE TO GO IN THE BATHROOMS. CAN YOU IMAGING WHAT THE INCOME WILL BE WHEN THE FINAL UPGRADES ARE DONE???
PORT OF CALL IS A SMALL TROPICAL, CARIBBEAN FLAVORED NEIGHBORHOOD HIDDEN JUST OFF OF OLD 98. EASY BEACH ACCESS, WALK OR TAKE A GOLF CART TO MANY BEACH FRONT RESTAURANTS, SHOPPING AND AN INVITING NEIGHBORHOOD POOL JUST STEPS AWAY . ENJOY MANY CUSTOM FEATURES SUCH AS GRANITE COUNTER TOPS, TILE, FIRE PLACE, OVER-SIZED GARAGE WITH SIX EXTRA PARKING SPOTS FOR THAT BIG FAMILY GET TOGETHER AND FANTASTIC GULF VIEWS! ENJOY THE SUN, THE WARM GULF BREEZES AND EVERYTHING DESTIN HAS TO OFFER AND MAKE GREAT MONEY AT THE SAME TIME.... ITS A WIN WIN
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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 |
|---|---|---|---|
| Jun 19, 2015 | Sold | ||
| Sold | |||
| May 25, 2015 | Listed by Newman Dailey Resort Properties | $734,900 | |
| Listed by Newman Dailey Resort Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017