607 Choctaw 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 |
|---|---|---|---|
| Jun 23, 2020 | No longer available | - | |
| No longer available | |||
| Mar 8, 2020 | Price Decreased |
$599,000
↓ $40K
(6.3%) | |
| Price Decreased | |||
| Oct 13, 2019 | Listed | $639,000 | |
| Listed | |||
| | |||
|
This lot is a Boater's dream come true. Located on the canal, with a vinyl seawall already installed and ready for the home you have always wanted with the Destin Harbor and the Gulf just minutes away. Just within minutes of walking distance to beach access. All dimensions to be verified by buyer.
| |||
| Sep 4, 2019 | Sold | ||
| Sold | |||
| Jul 29, 2019 | Listed by World Impact Real Estate | $599,000 | |
| Listed by World Impact Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017