4646 Destiny Way
About This Property
This is a second home that was never rented. Owner recently put home on the rental market with projections done by 360Blue rental company of $263,982 for 2016. This house is offered furnished and has been professionally decorated.
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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 |
|---|---|---|---|
| May 19, 2022 | Sold | ||
| Sold | |||
| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
| Feb 19, 2022 | Listed by SRE | $4,250,000 | |
| Listed by SRE | |||
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$390,000 in rental income for 2021. Located in the prestigious gated community of Destiny, this luxury home sits across from the breathtaking white sands and turquoise water of the Gulf of Mexico. Take in uninterrupted gulf views from all three levels and nearly every room of the home. In January the Owners started a major renovation including new hurricane impact resistant windows and sliding doors, tankless hot water heaters, first floor flooring, entire new kitchen cabinets, countertops, 2 islands, kitchen lighting, trim, paint, 3rd floor HVAC system, etc. Expected completion date May 1st. Enter through French doors to the open concept floor plan with cool coastal colors, tile flooring for easy maintenance, beautiful crown molding, and lots of windows for an abundance of natural light. The manager has listed the unit size as 5323 square feet.
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| Sep 29, 2021 | No longer available | - | |
| No longer available | |||
| Sep 16, 2021 | Listed by Mainsail Realty Company | $3,950,000 | |
| Listed by Mainsail Realty Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017