321 Beachside Drive
About This Property
Not a rental. There's nowhere more idyllic than Carillon Beach, with its beautiful scrub oaks, intimate eateries and charming boutiques, and long stretches of quiet white sand beach. Enjoy the scenic centerpiece of tranquil Lake Powell, one of the area's largest coastal dune lakes. Family friendly amenities include a pavilion, gazebos, picnic areas, playground, tennis courts, naturally landscaped parks, three swimming pools, a wide variety of shopping and dining, plus 24 hour security gate. The location of Carillon is unbeatable - just 10 minutes to Panama City Beach's exciting west end and Pier Park, plus a short 20 minute drive to Sandestin and its Outlet Malls and world class dining, shopping and entertainment. This is a wonderful opportunity to purchase a Carillon Beach home and start living the good life, whether year round or as a vacation getaway!
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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