408 Main Street
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 |
|---|---|---|---|
| Jun 15, 2024 | No longer available | - | |
| No longer available | |||
| May 14, 2024 | Relisted | $480,000 | |
| Relisted | |||
| May 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 26, 2023 | Listed by Lokation Real Estate | $480,000 | |
| Listed by Lokation Real Estate | |||
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Destin living at it's best!!! Lot parking spaces large enough to store your water toys, camper and or RV. This 3 bedrooms 2 bath home is centrally located in the heart of Destin. The Living room features wood plank floors, a wood burning fireplace and shiplap accent walls.Tile floors throughout the rest of the home. Enjoy the family/Great room next to the wood burning fireplace, the family room is very spacious that could also be turned into a 4th bedroom if desired. The Florida room is the perfect place to gather with friends and family. The large back yard has enough space to build your dream pool, it also features a fire pit to enjoy during those cold winter nights. The manager has listed the unit size as 1558 square feet.
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| Mar 2, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017