618 Choctaw Drive
About This Property
Custom Built 3 Level Heated Pool,
60'x22' Yacht Slip, 30' Boat Lift, New Seawall & Trex Many Other Upgrades Total dock is 228'.
Gulf View From Second level. Ground Elevation Is Above 9 feet Elevation.
Backyard Is One Of The Best On Holiday Isle!!
Golf Cart Garage ,Walk To The Beach,
Great For A Boating Family
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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 |
|---|---|---|---|
| May 16, 2016 | Sold | ||
| Sold | |||
| Feb 4, 2016 | Listed by Mainsail Realty Company | $989,900 | |
| Listed by Mainsail Realty Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017