285 Mill Pond Cove
About This Property
Located in the award-winning Hammock Bay community, residents enjoy an unmatched lifestyle with access to multiple resort-style pools, fitness center, tennis and pickleball courts, basketball courts, playgrounds, walking and biking trails, sports fields, dog parks, clubhouse amenities, general store, brewery, and community events throughout the year. Conveniently located just minutes from the beaches of 30A, Destin, and Panama City Beach, this home offers the best of luxury living and coastal convenience.
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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