134 LANIER
About This Property
The large brick porch leads into the open living/dining room and kitchen, with its vaulted, wood-beamed ceiling and gorgeous wood floors. A dramatic stone fireplace (gas equipped) with wood mantle and attractive built-ins adds to the relaxed ambiance. The kitchen features granite countertops, a long breakfast bar, deep sink, and some stainless and some hidden appliances, plus a walk-in pantry... The first-floor master suite enjoys the north end of home, including a large bedroom with fireplace, large walk-in closet, and access to the brick patio. The spa-like master bath has a stone tile floor, double sinks, elaborate tile work complemented with linen wallpaper, high ceilings with wide crown molding, large shower, deep soaking air tub, and separate water closet. An additional bedroom on the first floor could also function as an office. The large room upstairs with vaulted ceiling and balcony could be a children's bedroom, guest room, media/game room, etc. A nook area upstairs currently houses bunkbeds, but would also be a great place for a computer desk. Bedrooms have berber carpet. The upstairs bath features double sinks, black granite counters, and a large walk-in shower with a view of the pines.
The community is oriented for enjoying the outdoors, with a large green space, boardwalk across the lake, gravel walking trails, and a large open-air clubhouse with outdoor grill, fireplace, and plenty of seating overlooking the 2 pools. All of this is just north of 30A close to the beautiful beaches of South Walton!
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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