23 Turks Lane
About This Property
The main house opens from the courtyard into the kitchen and dining area through 10-foot doors. Brick accents, granite countertops, stainless-steel appliances, and 11-foot ceilings carry throughout the main living spaces. A first-floor bedroom and bath are complemented by two additional bedrooms upstairs, including a primary suite with a private bath and Balcony. The third-floor loft includes four twin beds and an additional large bath and play area.
The separate 2 story carriage house offers additional space for guests or family, along with the convenience of a 2-car garage. The home is also close to one of Rosemary Beach's pools, Fitness Center, Eastern Green, and the beach.
23 Turks Lane offers a unique combination of space and prime location within the Rosemary Beach community.
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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