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274 Lakeland Drive
About This Property
The two-story residence boasts timeless curb appeal with lush landscaping and a one-car garage. Inside, the open-concept main level is bright and inviting, featuring a spacious living area and a well-appointed kitchen with granite countertops, stainless steel appliances, and ample storage.
The first floor includes a guest bedroom with a full bath, while upstairs you'll find the master suite, two additional bedrooms-including one with built-in double bunks-and a loft with a daybed. Each bedroom has its own bathroom, ensuring comfort and privacy for all. Step outside to a private backyard with a covered patio, ideal for outdoor dining or relaxing in the Florida sunshine. The yard is large enough to add a pool, further enhancing rental income and guest appeal.
Frangista Beach residents and guests enjoy gated security, a community pool, and close proximity to the sugar-white sands of the Emerald Coast. Shopping, dining, and entertainment in Miramar Beach are just minutes away, making this property perfectly positioned for both personal enjoyment and investment success.
Don't miss this opportunity to own a proven short-term rental in one of the Emerald Coast's most desirable communities!
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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