166 Seacrest Drive
About This Property
Situated on a nearly quarter-acre lot, the outdoor oasis offers true privacy and is perfect for those summer days with large private heated pool, tanning lounge, and firepit.
Nestled on the far eastern side of 30A, the sought-after area of Seacrest Beach offers close homeowners and guests close proximity to both beach and state park access and is poised a short distance from the renowned towns of Kaiya, Aly's and Rosemary Beach. With impressive rental potential - annual revenue projections exceeding $75,000 - and its fully furnished, turnkey configuration, 166 Seacrest Drive is a compelling opportunity for investors and second or full-time residents alike. Schedule a private viewing today and start living the coastal lifestyle you deserve.
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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