43 Newman 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 |
|---|---|---|---|
| Nov 13, 2020 | Sold | ||
| Sold | |||
| Jul 28, 2020 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $849,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Dec 29, 2017 | Sold | ||
| Sold | |||
| Apr 3, 2012 | Sold | ||
| Sold | |||
| Jul 18, 2011 | Listed by Keller Williams Realty Destin | $459,000 | |
| Listed by Keller Williams Realty Destin | |||
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Imagine taking in gulf views from the balcony of this home located within 100 yards from the beach! This 6 bedroom, 5 bath home is the perfect vacation destination for the whole family or several families! The kitchen with new countertops and sink is on the same level with the dining room and large living room with fireplace. Two bedrooms and a full bath are also on the first floor. Upstairs, you will find 4 bedrooms, 4 baths, full sized laundry room and in addition to a private balcony. Smell what's grilling on the patio from the Association pool directly next door. Public beach access and Pompano Joe's restaurant are just steps away. Centrally located between Destin and Scenic Highway 30A - close to golfing, fishing, shopping, dining, entertainment and of course the beautiful sugar white sand beaches of South Walton! Could also purchase (67 Newman Dr.) as a package deal!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017