5566 Michael 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 27, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Sep 27, 2025 | Listed by Keller Williams Realty Navarre | $460,000 | |
| Listed by Keller Williams Realty Navarre | |||
| May 1, 2024 | No longer available | - | |
| No longer available | |||
| Apr 23, 2024 | Listed by Hurd Real Estate LLC | $420,000 | |
| Listed by Hurd Real Estate LLC | |||
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***MULTIPLE OFFERS*** HIGHEST AND BEST OFFERS MUST BE SUBMITTED BY 5PM 04/29/2024*** This spectacular home resides on over 2 acres and offers a plethora of wonderful amenities that are rare to find all on one property. You'll enjoy the saltwater pool and deck (2022), massive workshop/additional garage (36'x28') and two covered aluminum structures suitable for an RV and boat storge with water and power hook-ups. With no HOA you'll have plenty of room to store all your toys! This property in encompassed by foliage, offering a great sense of privacy, on a no-outlet street, and provides an awesome opportunity for entertaining family and friends with a large screened enclosed outdoor living space with a lanai and solar heated outdoor shower. Inside you'll find an open floorplan with a massive primary suite and many upgrades and renovations. In 2020 the roof was replaced as well as new Luxury Vinyl Plank flooring throughout the entire house, recessed lighting, appliances, gravel driveway and fence, screen enclosure, and all new exterior siding in 2024. Other notable features are gutters, termite bond, keyless entry, smart thermostat, additional mini split in the primary bedroom if you are a chilled enthusiast, over-sized 2 car garage suitable for parking large trucks, fenced backyard, recessed lighting, blinds throughout, updated second bathroom, jetted tub and a climate controlled bonus space that would make a great art/yoga studio or gym. Located just 30 minutes to NAS AND Hurlburt Field, 30 minutes to Downtown Pensacola and the beach and one mile to the nearest public boat launch. Located in Santa Rosa County School District. Check out our full video tour on the MLS and YouTube. The manager has listed the unit size as 1737 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017