120 Hammock Lane
About This Property
Nestled between Old Seagrove and WaterColor, the Hammocks is a unique community consisting of an intimate collection of residences, which blend harmoniously with each other, as well as with the rich natural environment and eco-system that is present. This unique environment creates a refuge for nature lovers, tourists and laid-back lifestyle seekers. The Hammocks is a tranquil, family-oriented, high-end, safe and peaceful boutique community for families that want to be near the beach, but out of the hustle and bustle that is typical in a destination beach community. Amenities include; two community pools as well as a private nature boardwalk that provides a launch point with access to Western Lake.
Centrally located to the best dining, unique boutique shopping, bike paths and some of the most challenging golf courses the gulf coast has to offer. Easy access to Hwy 98, allowing you to explore the nearby cities of Destin or Panama City Beach, as well as, the Northwest Florida Beaches International Airport. Seller is licensed agent.
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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