415 Cocobolo Drive
About This Property
Freshly painted bedrooms and bathrooms, eco-friendly hand-scraped engineered hardwood flooring-known for its durability, ability to hide scratches, moisture resistance, and easy maintenance.
Open-concept living with a spacious dining and family room are connected to the kitchen with granite countertops, a center island, a brick veneer backsplash, abundant outlets for all your kitchen gadgets, and stainless steel appliances. Split floor plan places the primary suite to your right, while two guest bedrooms are thoughtfully positioned on the opposite side of the home for added privacy and share a well-appointed full bathroom.
The home's windows feature removable storm panels for additional peace of mind. The original roof has durable 30-year dimensional shingles, which provide 50% more life than standard shingles. The property also includes an irrigation system with its own well for water conservation and significant monthly savings.
Driftwood Estates offers exceptional amenities with low HOA fees: a large community pool that regularly hosts water aerobics, tennis courts, a basketball court, soccer field, playground, and a catch-and-release pond. The neighborhood also has a wonderful 11-acre park with a community room used for birthday parties, workout mat classes, and other social activities.
Conveniently located just minutes from Publix, Grand Boulevard shopping and dining, medical facilities, and Sandestin Resort. A short drive brings you to Topsail Hill Preserve State Park, offering over three miles of pristine beach and scenic dune lakes. Call today for more information and to set up your private showing.
All information and measurements are deemed accurate, but should be verified by the 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