361 SHARON Drive
About This Property
Kitchen features new solid surface countertops, Maytag appliances and nice pantry area. The home features a living/dining room on the front of the house and foyer. Off of the kitchen/breakfast area is a cozy family room with a natural gas fireplace and two sets of french doors that lead out to the very large tranquil and serene lanai that overlooks the golf course. What a perfect location for simply relaxing and listening to the sound of nature. There is a half bath off of the kitchen and a large full bath in the hall way that the two guest room share. The master is the perfect size with a master bath and walk-in closet. Double glass doors lead out to the backyard. The two-car garage also has a great work area. There are so many extra and updates to this home it is available for the asking. Just 15-20 minutes to the Destin beaches... All room sizes are to be verified by buyer.
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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