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368 Evergreen Circle
About This Property
The kitchen includes stainless steel appliances and flows seamlessly into the main living and dining areas. The primary suite offers generous space, dual closets, and an updated bathroom with a tiled walk-in shower and cultured marble countertops. Laminate flooring runs throughout the main living areas.
Additional features include a screened-in porch and a spacious yard, along with added parking suitable for multiple vehicles or recreational use. Conveniently located near shopping, dining, local schools, and the Destin Harbor, this home offers a great opportunity in a central location.
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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