4355 Bahia Lane
About This Property
The third floor hosts the private master suite to include a screened patio, while two additional bedrooms on this level are each spacious enough to accommodate king-size beds. There is also a full bathroom and laundry room on this level as well.
Additionally, a two-car garage offers supplementary storage, and the attic benefits from foam insulation.
Kelly Plantation spans 900 acres along the Choctawhatchee Bay and offers residents access to amenities such as the Golf Clubhouse and Grill, Owners Club, huge swimming pool, five clay tennis courts, one hard surface court, three pickleball courts, a fitness center, walking trails, a dog park, and more.
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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