420 Paradise Road
About This Property
Beautifully renovated and move-in ready, this home offers modern finishes and major upgrades for peace of mind. Features include fresh interior/exterior paint, new doors, luxury vinyl plank flooring, and tile in wet areas. The updated kitchen boasts white soft-close cabinets, quartz counters, backsplash, and new Whirlpool appliances (2025). Baths include quartz vanities and heated anti-fog mirrors. New roof & water heater (2025), HVAC (2020), copper wiring, and new electric panel. Walk to shopping and schools, incl. Niceville High. Minutes to Emerald Coast beaches and Eglin Air force Base. Family room may be your 4th BR. 2 large sheds convey. Buyer to verify all useful information.
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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