167 Morrison Avenue
About This Property
Step outside to your private boat dock and boat lift, providing direct access to the pristine waterways-a boater's dream come true. The backyard oasis is a true retreat, featuring a swim spa, privacy fencing, and a fully equipped summer kitchen, perfect for outdoor gatherings and entertaining. The expansive outdoor space invites relaxation, whether you're enjoying the serene canal views or entertaining under the Florida sun. Situated in a sought-after neighborhood, this home promises the ultimate waterfront lifestyle just minutes from the emerald coast beaches, shopping, and dining.
Don't miss your chance to own this canal-front gem in Santa Rosa Beach!
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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