153 Blue Bell Circle
About This Property
Outside, the setting takes over. A screened pool and patio anchor the backyard, creating a space that works as well for quiet mornings as it does for evenings with friends. A covered outdoor kitchen and dining area, finished with a wood plank ceiling, extends the living space even further. Just beyond, a private dock reaches into the canal, offering easy access for boating, paddleboarding, or simply watching the light move across the water at the end of the day.
With its generous homesite, waterfront access, and newer construction, 153 Bluebell Circle captures a quieter side of Santa Rosa Beach, where the pace slows, the water is always close, and the best parts of the coast remain within easy reach.
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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