40 Myrtle Oak Way
About This Property
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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 7, 2025 | Price Decreased |
$399,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jun 29, 2025 | Price Decreased |
$409,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Apr 10, 2025 | Listed | $419,000 | |
| Listed | |||
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Welcome to 40 Myrtle Oak Way in Santa Rosa Beach! This meticulously maintained 3-bed, 2.5-bath end-lot home offers 1,351 sq. ft. of stylish living space with added privacy. Fully furnished and move-in ready, it features fresh interior and exterior paint, luxury vinyl plank flooring, and a professionally designed interior. The kitchen boasts stainless steel appliances and granite countertops, while the backyard includes a kid-friendly playground—perfect for families! Don't miss this prime opportunity in a desirable location. Schedule your tour today!
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| Oct 29, 2020 | Sold | ||
| Sold | |||
| Aug 11, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017