202 Windward Way
About This Property
Windward is no ordinary Bluewater Bay neighborhood! Beyond the gate, you are greeted by a brick paver roundabout encircling a lush park. Meander down Windward Way to the banks of Lido Lake to observe the resident turtles and other wildlife. But its most valuable and unique amenity is its community beach with an extensive dock and platforms for putting in kayaks and paddle boards. Pack a picnic and watch the sunset over Choctawhatchee Bay or wet a line and bring home freshly caught fish for dinner!
Bluewater Bay offers a resort lifestyle for all ages with miles of walking paths, restaurants, shopping, a marina complex, and separate memberships available for golf, tennis, pickleball, and swimming pools. Zoned for highly rated Bluewater Elementary School, offering a choice between Ruckel and Destin Middle Schools, and Niceville High School - home of the Eagles!
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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