18 W Sky Way
About This Property
Life in Hammock Bay offers an exceptional resort-style lifestyle with three pools, a fitness center, clubhouse, pickleball and tennis courts, sports courts, playgrounds, dog parks, miles of walking and biking trails, a neighborhood general store, food truck court, and year-round community events. Conveniently located in Freeport, you're just minutes from Choctawhatchee Bay, Blue Mountain Beach, Scenic Highway 30A, the Gulf of America, state parks, boating, fishing, shopping, dining, and some of Florida's most beautiful white-sand beaches.
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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