12
Map
3501 Mill Point Cove
About This Property
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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 |
|---|---|---|---|
| Jan 26, 2023 | No longer available | - | |
| No longer available | |||
| Jan 20, 2023 | Sold | ||
| Sold | |||
| Dec 6, 2022 | Listed by Beachy Beach Real Estate | $285,000 | |
| Listed by Beachy Beach Real Estate | |||
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Zillow is Wrong. address is 3501 Mill Point Cove, panama city Fl 32404...Bay Counties newest community has come to life, These homes are built by one of Bay Counties most sought after builders, Brick homes with spacious floor plans, custom solid wood cabinets, Quartz counter tops, Upgraded light fixtures, doors, Insulation, Trim, Low E windows, Luxury Vinyl flooring, Stand alone tubs, Neighborhood has under ground utilities, lighted streets. Zoysia Grass and landscaping! Let Mill Point be your next move... The manager has listed the unit size as 1319 square feet.
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| Nov 17, 2022 | Listed by Beachy Beach Real Estate | $285,000 | |
| Listed by Beachy Beach Real Estate | |||
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