185 Redbud Lane
About This Property
The home includes two spacious primary bedrooms both with their own private porches and spa-like ensuites. Two additional guest bedrooms with full baths plus a flex room with a Jack-and-Jill bath offers endless options including an additional bedroom, bunk room, office, or workout area. A second living area on the third level allows ample space for family and friends to enjoy. Just steps away are the community pool and tram stop which provides Gulf access to the coveted deeded beach. Additionally, the proximity to both Scenic Highway 30A and Highway 98 ensures effortless travel and connectivity to shops and restaurants from Alys Beach to 30Avenue. This property has been meticulously maintained and offers a rare combination of privacy, location, and resort-style amenities. Whether seeking a primary residence, luxurious second home or a high-performing investment property, this is a rare gem along 30A.
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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