279 TEQUESTA Drive
About This Property
Lovingly cared for by the original owner, the home offers an open kitchen/living room/casual dining area, plus a formal dining room and office. The spacious kitchen features extensive granite countertops, an island with breakfast bar, stainless appliances, and 2 storage pantries. Enjoy indoor/outdoor living year round-- disappearing sliders open to the large, fully screened patio facing the lake.
The master bedroom has a raised ceiling, while the master bath includes dual vanities/sinks, a jetted tub, separate shower, separate water closet, and large walk-in closet. With the split floorplan, ...the 2 additional bedrooms are across the home. Their bath also has dual sinks. So much about this home is designed for comfort and convenience: attractive, low maintenance tile floors in the main areas; a spacious laundry room; 6-speed gas fireplace that can heat the home in winter; 2-car garage; irrigation system; and more!
Emerald Lakes' amenities include gated entry, swimming pool, tennis courts, basketball, and picnic area. But best of all is having a quiet neighborhood in such a fabulous central Destin location near great restaurants, entertainment, shopping and beautiful beaches!
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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