245 Bay Circle Drive
About This Property
The master bedroom has direct access to the deck and is very spacious with vaulted ceilings and an on-suite bathroom with dressing area, double vanity, and beautifully tiled shower. All bedrooms are Bay front, one guest and bath on the ground floor, and two additional guest bedrooms upstairs along with a lofted living area. The home is being sold furnished with some exceptions. All appliances convey and there is a laundry room with a full size washer & dryer.
Santa Rosa Beach Estates is a great residential neighborhood on the North side of Highway 98 in Santa Rosa Beach. Grand Boulevard Town Center, Publix Grocery, the new movie theatre, Sacred Heart Hospital, and the beautiful white sand beaches of the "Emerald Coast" are all nearby. There is also two boat ramps for the area. Do not miss out on this incredible opportunity to own an affordable waterfront home (or two) in this desirable neighborhood.
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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 22, 2015 | Sold | ||
| Sold | |||
| Feb 13, 2015 | Listed by ResortQuest Real Estate | $635,000 | |
| Listed by ResortQuest Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017