117 Will Street
About This Property
Located approximately 15 to 20 miles from Niceville and Santa Rosa Beach and approximately 10 miles from the Mid-Bay Bridge, the property provides convenient access to beaches, shopping, dining, and major employment centers.
Additional features include a washer and dryer, two full bathrooms, no HOA restrictions, and an extra-large backyard with plenty of room to enjoy the outdoors. Whether used as a primary residence, second home, or long-term rental property, this home offers flexibility and value in one of Walton County's growing communities.
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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