611 3rd 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 |
|---|---|---|---|
| Oct 31, 2019 | No longer available | - | |
| No longer available | |||
| Oct 20, 2019 | Price Decreased |
$129,900
↓ $10K
(7.2%) | |
| Price Decreased | |||
| Oct 5, 2019 | Price Decreased |
$139,900
↓ $10K
(6.7%) | |
| Price Decreased | |||
| Aug 28, 2019 | Price Decreased |
$149,900
↓ $30K
(16.7%) | |
| Price Decreased | |||
| Aug 26, 2019 | Listed | $179,900 | |
| Listed | |||
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Quaint little block home in the heart of Destin in a quiet neighborhood, with no HOA fees, and conveniently close to the Mattie Kelly bayfront city park and city boat ramp. It's just waiting for you to finish the renovations with your own personal choices! The lush tropical and spacious fenced-in backyard is amazing with deck that is ideal for entertaining and just relaxing. This home was in a frame out renovation when the seller stopped. Sturdy cinder block exterior walls, new framing inside and a new roof installed in 2015. What a value with so much potential! Note the county records show as a 2br/1 bath, but it is currently framed out as a 1br/1 bath. Buyer to verify all information to their satisfaction. Home to be sold as-is, of course subject to any buyer inspections. The manager has listed the unit size as 720 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017