306 Mcewen Drive
About This Property
Step inside to find beautiful LVP flooring throughout the main living areas and all three bedrooms. Enjoy two spacious living rooms, and a cozy eat-in kitchen featuring a neutral color palette that complements any style.
Three spacious bedrooms and both bathrooms have been tastefully remodeled. The home also includes a 1-car attached garage for added convenience.
The fully fenced backyard provides plenty of space for outdoor fun, gardening, or pets.
Centrally located just minutes from local military bases, top-rated schools, shopping, dining, and the stunning white sand beaches of the Emerald Coast.
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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