418 Beach 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 |
|---|---|---|---|
| Mar 2, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2019 | No longer available | - | |
| No longer available | |||
| Jun 27, 2019 | Listed | $449,900 | |
| Listed | |||
| | |||
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Lake front home in the heart of Destin with NO HOA! This home offers stainless steel appliances and tile throughout main living areas. The exterior of the home offers a dock on the lake, a three car carport, newly fenced and newly sodded. This home offers many more amenities, such as a new roof in 2014, new HVAC, fence, lawn pump, sprinkler system, well, interior flooring, sod, and fireplace remodel have all taken place between 2017 and 2018. There are new hot water heaters as well. You don't want to miss this move-in ready home! Call today to make 418 Beach Drive your lakefront home today! The manager has listed the unit size as 2034 square feet.
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| Dec 29, 2016 | Sold | ||
| Sold | |||
| Mar 18, 2016 | Listed by Real Estate Professionals of Destin Inc | $304,999 | |
| Listed by Real Estate Professionals of Destin Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017