199 College Cove
About This Property
Luxury vinyl plank flooring flows throughout, and impact-rated windows and sliding doors provide added protection and potential insurance discounts.
The kitchen features white shaker cabinets, a large island, granite countertops, and stainless steel appliances - perfect for cooking and entertaining.
Both bathrooms have been fully updated with custom tile, showers, vanities with granite, and new lighting, while spacious bedrooms provide comfort and versatility.
Enjoy fresh landscaping with a new lawn pump, and timer, making yard maintenance a breeze.
A transferable termite bond is in place, recently renewed, and valid through January 2027.
Conveniently located in Niceville with easy access to local military bases, top-rated schools, shopping, dining, and just across the street from Northwest Florida State College, this home perfectly combines style, functionality, and location.
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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