992 Emerald Bay Drive
About This Property
Grand living room has raised ceilings and wonderful natural light. Built-ins surround the gas fireplace. Beautifully updated baths throughout the entire home. Spacious Master suite on first level as well as a study/office just off the living area. Centrally located kitchen has all new appliances, pantry and breakfast bar. oversized garage also has a workshop area. All 3 A/C units recently replaced. The backyard has room for a pool. Survey in office. Emerald Bay, located between Destin and Sandestin, is a gated community situated on the Choctawhatchee Bay and Bob Cupp designed Emerald Bay golf course. Large community pool, tennis courts. community room and club house. Join the Emerald Bay golf club and play on the newly updated course. This home sits next door to the course and so has wonderful extended panoramic views! Virtual Tour https://youtu.be/pi85k11MTMk
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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 |
|---|---|---|---|
| Jul 14, 2016 | Sold | ||
| Sold | |||
| Feb 29, 2016 | Listed by Grayton Coast Properties Inc | $1,090,000 | |
| Listed by Grayton Coast Properties Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017