235 Hickory Street
About This Property
As you enter the home you'll delight in an open living space with soaring cathedral ceilings, bay window, and centered around a stately stone fireplace.
Grand dining room adorned with skylights and leads into a sunny Florida Room for year-round enjoyment.
Eat-in kitchen with sliding glass door access to the back patio which overlooks the huge backyard.
The primary bedroom is a serene retreat, boasting an en-suite bathroom with walk-in shower. Desirable split-bedroom floor plan with 2 additional bedrooms both equally comfortable with hardwood flooring, and offering versatility for guest rooms, or home office.
Large backyard with patio, and a 2-car attached garage for added convenience.
Lake Sharon Estates is located between Choctaw Beach and the city of Freeport, making this an easy commute for those working on Eglin AFB. The Mid-Bay bridge is just a short drive away with access to all the wonderful offerings in Destin- Gorgeous sugar white sand beaches, restaurants, and shopping.
Fireplace is non-functioning and will convey in "As Is" condition.
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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