377 Cocobolo Drive
About This Property
Welcome to 377 Cocobolo Drive in sought after Driftwood Estates, located in beautiful Santa Rosa Beach This charming community offers the perfect blend of convenience, comfort, and lifestyle just minutes from the beautiful beaches along the 30A corridor.
This well-maintained 4 Bedroom home features an inviting open-concept floor plan filled with natural light, spacious living areas, and a functional layout ideal for both everyday living and entertaining. The kitchen offers ample cabinetry, modern appliances, and a large island that flows seamlessly into the main living space. The primary suite provides a relaxing retreat with a private ensuite bath, while additional bedrooms offer flexibility for guests, family, or a home office. Sellers installed a REME HALO in the HVAC plus UV light/ lamp unit due to severe allergens. This significantly improves the air quality of the house and acts as a "whole house" air purifier. The UV light kills off bacteria, mold and viruses.
Residents of Driftwood Estates enjoy an impressive array of amenities, including a community pool, multiple parks, scenic ponds, sidewalks, and beautifully maintained green spaces. The neighborhood is also home to Driftwood Estates Park, featuring tennis and pickleball courts, basketball courts, soccer fields, walking trails, playgrounds, and picnic areas perfect for an active and family-friendly lifestyle.
Conveniently located near shopping, dining, top rated schools, and just a short drive to the Gulf, this home offers the ideal opportunity for a primary residence, second home, or investment property.
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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