5 Ivory Court
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 |
|---|---|---|---|
| Dec 12, 2018 | Sold | ||
| Sold | |||
| Oct 25, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed | $149,990 | |
| Listed | |||
| | |||
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Here is a prime, beautiful, lake front, golf course lot tucked away in a very private cul-de sac street and located in popular Emerald Bay, a gated golf and tennis community in Miramar Beach. This property is nicely sized, very build able, has lovely mature trees and is overlooking the 7th hole of the Emerald Bay Golf Course. The clear lake, with it's wooded background, is directly in view of this homesite, offering serene and pristine views. Bring an offer!
| |||
| Mar 16, 2017 | Listed by Destin Exclusive Real Estate | $149,990 | |
| Listed by Destin Exclusive Real Estate | |||
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About Miramar Beach
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Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 771340
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