405 Beachside Drive
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 |
|---|---|---|---|
| Sep 13, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $1,585,000 | |
| Listed | |||
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Stunning! Rarely does an opportunity come along to find a completely renovated property with established rental income. This beautiful beach home includes a guest house and it's own private pool. Perfectly located across from Carillon Beach walkover #8, on a very large corner lot. The porches are deep and spacious, great for outdoor dining or afternoon drinks and enjoying gulf breezes. Main house has three full bedrooms, a tower with bunks, and three full baths. The guest house has two full bedrooms and baths, along with a double bunk area and half bath. This is a true Southern beach house including all of the amenities of Carillon Beach...only steps to the Gulf of Mexico! It's a fabulous family beach compound and an excellent investment opportunity! Information contained within this lisThe manager has listed the unit size as 2444 square feet.
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| Aug 18, 2015 | Sold | ||
| Sold | |||
| Jul 11, 2014 | Listed by Carillon Realty Inc | $1,075,000 | |
| Listed by Carillon Realty Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017