2573 Cayenne Lane
About This Property
arches, columns, and custom built fireplace with side cabinets. High ceilings through out the home with beautiful double trey ceiling in master bedroom. All the bathrooms have granite counter tops. The master bath has a spa tub, separate shower and his and hers vanities. This home comes with deeded access to the water where you can swim, fish, kayak or just float away your stress on a beautiful day. This exceptional property is adjacent to Shalimar Marina allowing you to look out your window and see your boat without having to maintain your own dock. Beautifully landscaped with no grass to cut, brick pavers and planted beds with automatic sprinkler system. Outside paint has 10 years warranty. This custom home has a whole house generator, surround sound and central vacuum system. This home offers easy airport access and is minutes from Eglin Air Force base, Hurlburt Field, Destin, fitness centers, malls, shopping and schools. This property is NOT in a flood zone. Enjoy the incredible views and live the good life from this one of a kind truly inspiring home. Listing Broker/Salesperson has ownership interest in the property.
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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