741 Mike Gibson Lane
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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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 23, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Listed by Chevon Marie Eaton | $450,000 | |
| Listed by Chevon Marie Eaton | |||
| Oct 12, 2024 | Listed | $450,000 | |
| Listed | |||
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Under contract-accepting backup offers. Beautiful waterfront lot on Escambia Bay. It is a .59 acre clear lot with a few shade trees and 104' on the water. An elevation survey has been completed so you're ready to design and build your dream home. Stunning sunsets and direct access to the Gulf. Boat, fish, swim, relax, all from your backyard. Located on a quite road with no through-traffic.
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About Garcon Point
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Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 962007
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017