184 Lightning Bug Lane
About This Property
The kitchen is a true centerpiece, featuring granite countertops, stainless steel appliances, ample cabinetry, a large pantry, and a bar. The master bedroom provides a peaceful retreat, complete with two large closets, an en-suite bathroom, that includes a double vanity, and updated shower with a built-in-seat for convenience. The two additional bedrooms offer versatility for guest accommodations. A fully-equipped shared bathroom with a bath-tub serves these bedrooms. Additionally, the entire home is outfitted with a state of the art Smart Home Advantage alarm/security system. Step outside to your private outdoor oasis, where a covered patio overlooks a sizable, fenced in yard, perfect for relaxing with your morning coffee or hosting gatherings. Not to mention, you are only a short stone-throw-away from your own community-exclusive pickleball courts, and pool.The greater Hammock Bay offers residents a wealth of amenities, including a resort-style pool, a professional lap pool, and a newly updated fitness center with state-of-the-art equipment. Enjoy leisurely walks along the community's picturesque trails, or take advantage of the sports facilities, including tennis and pickleball courts, a basketball court, frisbee golf, playgrounds, and a nearby recreation center. The community clubhouse serves as a gathering place for events and social activities, fostering a strong sense of community. Conveniently located near shopping, dining, and entertainment, Hammock Bay also features its own grocery store, Props Brewery, dentist/medical building, food trucks, and an outdoor amphitheater. Just a short 25-minute drive to the Emerald Coast beaches, this home combines the best elements of coastal living, convenience, and natural beauty, in one of Northwest Florida's most sought-after communities. Don't miss the chance to make this remarkable property your own. Schedule a private showing today!
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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