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358 Rue Caribe
About This Property
Experience boutique luxury living in this custom home that offers private beach access, elevator, 10ft ceilings, custom millwork, chef's kitchen and 3 outdoor balconies to extend your outdoor living. Practical perks include a 2-car garage, hurricane impact windows and doors, full house generator, golf cart garage now enclosed with double glass doors ideal for an office/flex space or golf cart, and multiple large storage closets. Added value and equity opportunity with approved permitted plans to expand the 3rd floor with 1,000 sqft, adding 2 bedrooms and 1 full bathroom, and a balcony with 360 degree Gulf views. All of this, plus resort style neighborhood ameneties including 2 pools, tennis and pickleball courts all minutes from the best shopping and dining in Miramar Beach, Destin and Sandestin!
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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