104 Rue Caribe
About This Property
Caribe is a gated gulf front community located near Sandestin. The Caribe community offers lush landscaping, large private beach, two community pools and tennis court. This home's first floor conveniences include open kitchen, living & dining area, large master bedroom, bath suite, laundry area & 1/2 bath off living area. The second floor offers another large master bedroom bath suite, as well as 2 additional bedroom bath suites. This home is located just over 1000 feet from the sparkling waters of the Gulf of Mexico. Seller is a licensed Florida Real Estate Broker.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017