420 Commodore Point Road
About This Property
You will enjoy sitting on your very own private deck feeding the turtles, dipping into your private heated pool, and cooking and enjoying your full outdoor kitchen with bar and tv. Your spacious garage includes a golf cart parking space to jump right into enjoying the lifestyle of Regatta Bay. A stairwell-access attic for additional storage is conveniently accessed with a full stairway.
Regatta Bay is Destin luxury living at it's finest. Amenities include a 6,894-yard, par-72 course named one of Golf Digest's "Top Places to Play in North America", a clubhouse offering first-class dining, tennis courts, community large lap pool, playground, and walking paths. You will enjoy the additional private gated entrance on the North side of the community offering easy access by golf cart or car to the boating club at Legendary Marine and Yacht Club! The Destin Commons Shopping Center as well as Whole Foods are easily accessible by golf cart without ever having to get on Highway 98. The beach on Scenic Hwy 98 is just a mile away and is also accessible by golf cart!
The community is ideally situated on the eastern end of Destin within easy reach of excellent rated schools, shopping, dining, entertainment and Caribbean-like beaches and the crystal clear waters of the Gulf of Mexico.
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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