4000 Bay Pointe Drive
About This Property
CLICK TO CONTINUE READING Located well above sea level, high and dry and comes with a generator and sea wall. The home has had a single owner and has been meticulously maintained. Bay Woods is located just outside of Gulf Breeze Proper and the subdivision's residents enjoy a peaceful community resting on the bay with no association restrictions and a prime location within close driving distance to Pensacola Beach, the arts and cultural events in historic downtown Pensacola and dozens of popular dining, shopping and entertainment establishments.
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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 |
|---|---|---|---|
| Dec 2, 2016 | Sold | ||
| Sold | |||
| Oct 10, 2016 | Listed by Era Emerald Coast Realty | $524,900 | |
| Listed by Era Emerald Coast Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017