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21922 Clarks Road
About This Property
Here you have 4.3 acres just a 30-mile drive to the heart of Panama City and another 10 miles and you're sitting on the beach. This is a great high and dry property with plenty of land to spread out on. Clarks Road turns off of a paved road, so it is just a few hundred yards of a maintained dirt road to drive. There is mobile home on site that is of no value and the condition is unknown. This would indicate that a well and septic are available, but the condition is unknown and will have to be investigated.
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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.
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