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6031 Michelle Circle
About This Property
Bring your kayak, canoe, or boat! Numerous public boat launches and waterfront parks within 5 minutes. Within 5 miles to revitalized and booming downtown Panama City, and 8 miles to Historic St Andrews, both with waterfront dining, entertainment, and activities. Shed is included but of no value. Lot markers are still in place and a survey is available.
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Cap Rate Calculator
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 18, 2026 | Sold | ||
| Sold | |||
| Sep 8, 2026 | Listed by Keller Williams Success Realty | $33,500 | |
| Listed by Keller Williams Success Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017