307 Spring Lane
About This Property
Space, location, and endless potential come together in this 5-bedroom, 2.5-bath and bonus room home ideally situated near Joe's Bayou, the Harbor, and everything West Destin has to offer. Sitting on .25 acre lot, this property offers rare flexibility with plenty of room for boat or RV hookups-a true coastal bonus.
Inside, the open-concept kitchen and living area create an inviting space perfect for entertaining or everyday living. Step outside to a covered patio and fire pit, seamlessly blending indoor and outdoor living and capturing the best of the Florida lifestyle. The expansive backyard is a blank canvas, ready for your visionpool, garden, outdoor kitchen, or all of the above. With prime location, and room to customize, this home is an incredible opportunity to create something truly special.
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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