14A Meigs Drive
About This Property
The home features 9-11' ceilings, crown molding, tray ceilings, and arched walk-throughs, creating an inviting and elegant feel throughout. The garage is fully upgraded with epoxied floors and a dedicated AC unit.
Recent updates include a new dishwasher and built-in microwave (2025), a whole-house generator, and a reverse osmosis water system in the kitchen. Outdoor living shines with a new deck and covered pergola with composite decking, a new 8foot privacy fence along the rear of the property, and a new 8x8 storage shed in the backyard.
Additional highlights include fiber optic internet availability, making this home ideal for modern living. Conveniently located near Eglin AFB, Hurlburt Field, and the white sandy beaches of Okaloosa Island, this home truly is a MUST SEE!
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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