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35 Tranquility Lane
About This Property
The primary suite is positioned on the first floor, offering privacy and comfort, accompanied by a well-appointed guest suite with its own bath. Upstairs, two additional bedrooms, each with ensuite baths, create a private guest wing. A spacious deck extends from this level, inviting coastal breezes and providing a quiet vantage point for outdoor relaxation.
Beyond the home, Destiny East presents a fully realized coastal lifestyle. The gated, golf-cart-friendly community offers a collection of amenities including lagoon-style and lakeside pools, tennis and pickleball courts, a fitness center, putting green, cabana grill, and private movie theater. Paved walking paths wind through the neighborhood, while nearby public beach access places the white sands of the Gulf within easy reach.
The property offers versatility as a primary residence, second home, or investment opportunity, all within one of Destin's most established coastal communities.
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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