36 Hillcrest Drive
About This Property
Inside, the home boasts cathedral ceilings, a split-bedroom layout, and a well-appointed kitchen with a smooth stovetop range, a movable island, a breakfast nook, and a view of the pool. It also includes a separate dining room and laundry room. With four spacious bedrooms, there is plenty of room for everyone. The primary suite is a true retreat, offering a large walk-in customized shelved closet and a luxurious master bath with double vanities, a jacuzzi garden tub, and a separate shower. Additional amenities include a lawn pump sprinkler system, rain gutters, and an attached garage.
Nestled in one of the most desirable areas of Okaloosa County, this home offers a unique opportunity for water access. Surrounded by the serene waters of Garnier Bayou to the west and Poquito Bayou to the south, the community is a haven for those who love the water. The Poquito Bayou Boat Ramp Park is a popular spot for boating and water activities, while Leo Norred Park provides a perfect setting for an afternoon of recreation and relaxation.
Set in the vibrant Okaloosa County, this home is just minutes away from pristine beaches, vibrant shopping destinations, lush parks, and the scenic waterfront. With excellent schools like Longwood Elementary, Meigs Middle, and Choctawhatchee High School nearby, this home is perfect for everyone.
Within minutes to Eglin, Hurlburt Air Force Base, and surrounding military installations, this fully developed community is highly desirable. With all its amenities, this home truly embodies the saying, "There is no place like home." Make 36 Hillcrest Drive your dream home today and start enjoying all the wonderful amenities and the unbeatable location it has to offer.
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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