59 Monaco Street
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 |
|---|---|---|---|
| Sep 5, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 7, 2018 | Listed | $845,000 | |
| Listed | |||
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Fresh and current coastal cottage with Gulf and lake views, 4 stories of breezy balconies, and updated design finishes in the sunny, tropical community of Crescent Beach Cottages. It takes only a minute to walk to the private beach access with no roads to cross in between. This 4-story home is distinguished by its generous outdoor space. Each floor and every bedroom enjoys its own balcony or deck. Natural elements, light-filled spaces, and neutral palettes give this home an effortless coastal charm. With bold granite countertops, stainless steel appliances, a large pass-through bar, and plenty of workspace, the u-shaped kitchen is designed for both form and function. Both of the master en suites and kitchen feature new granite counters. $90K in rental income in 2017. Crescent Beach Cottages features lush, palm-lined streets, 2 community pools with a hot tub, game room, fitness center, beach access, and close proximity to shopping and dining. The manager has listed the unit size as 2769 square feet.
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| Jan 18, 2018 | Listed by Keller Williams Realty Destin | $798,000 | |
| Listed by Keller Williams Realty Destin | |||
| May 19, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017