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4015 Drifting Sand Trail
About This Property
This beautifully updated 3-bedroom, 2-bathroom home with a private pool offers style, comfort, and convenience. Nestled in a well-maintained community just minutes from the beach, shopping, and dining, this home truly has it all. Upon entry you're struck by the beautiful acacia engineered hardwood floors, updated lighting, and gas fireplace.
The fully renovated kitchen features quartz countertops, newer cabinetry, stainless steel appliances, and a custom coffee bar with beverage fridge.
The primary boasts a spa-like bathroom including a tiled walk-in shower, dual-sink vanity, and a large walk-in closet. Two additional bedrooms are situated on the opposite side of the home. Don't miss this move-in-ready gem in Destin's most desirable neighborhood!
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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