18 Bald Eagle Drive
About This Property
Engineered hardwoods run underfoot, complementing the crisp plantation shutters and freshly painted walls. A generous living area flows into a dedicated dining space-an often-overlooked bonus-while the nearby kitchen features granite countertops, stainless appliances, a breakfast nook, and a recently replaced dishwasher and refrigerator. The split-bedroom design offers privacy, featuring two guest rooms and a shared bath located at the front, and a spacious primary suite situated in the rear. The primary includes backyard access, a walk-in closet with custom shelving, and an ensuite bath with dual vanities, a soaking tub, and a separate shower.
Out back, a covered patio provides the perfect spot for grilling, relaxing, or taking in the sounds of the neighborhood fountain. The large fenced yard is ideal for pets, play, and relaxing evenings outdoors.
Located just half a mile from Chotawhatchee Bay, Eagle Bay is one of South Walton's best-kept secretsclose to boat launches, public beach accesses, Grand Boulevard and all the conveniences of Destin and 30A. With recent upgrades including new paint inside and out, a new dishwasher, and washer/dryer included, this home is truly move-in ready and made for easy coastal living.
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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