29 Sarasota Street
About This Property
Step inside to discover spacious, light-filled living areas, a fully equipped chef's kitchen, indoor and outdoor dining spaces, and beautifully designed bedrooms spread across all three levels. The first floor features a King suite and oversized bunk room, the second level boasts two additional King suites, a twin bunk room, a media/game room with wet bar, and a laundry room, while the third level is crowned with the Main King suite, two more King suites, another twin bunk room, additional baths, and a second laundry area.
Just a short walk to the private beach access, guests will also enjoy complimentary daily beach chair setup (in season), and easy access to the best of Destin's shopping, dining, and entertainment. Whether you're savoring sun-filled days by the pool, relaxing on the grand balconies, or exploring the nearby coast, Vast Cay Castle is where elegance and island energy collide. Parking pad fits up to 8 standard vehicles.
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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