206 Forest Drive
About This Property
This 4-bedroom, 4-bathroom home brings comfort and functionality together with thoughtful updates throughout. Inside, find ample natural lighting, classic plantation shutters, and a floor plan designed to give everyone their own space. Every bedroom in this split-bedroom layout features direct bathroom access, a walk-in closet, and its own TV hookup. An ideal setup for families, guests, or multi-generational living. All carpeting was replaced in 2024 and freshly cleaned before hitting the market for a seamless move-in process. With two water heaters, one for each side of the house, hot showers are never a negotiation. The spacious primary suite offers dual vanities, dual closets, and a relaxing jetted tub. Head outside to your private oasis: a saltwater gunite pool, added in 2017 and ready for sunny Florida days, weekend entertaining, or unwinding after work. The pool pump was replaced in 2021 and the seller has kept a meticulous maintenance schedule to offer peace of mind to it's next owners.
Located in the heart of Fort Walton Beach with convenient access to bases, shopping, schools, and the beach, this property blends comfort, practicality, and lifestyle in all the best ways.
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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