447 Pin Oak Loop
About This Property
Driftwood Estates is a very sought-after neighborhood situated next to the Choctawhatchee Bay and just minutes from the pristine beaches of the Gulf of Mexico. Perfectly located in Santa Rosa Beach, this neighborhood is convenient to Destin, 30A and Panama City Beach. The ideal location to enjoy all that the local culture has to offer! Community amenities include a well-maintained community pool, walking tracks, basketball courts, soccer fields, pickle ball courts, lakes, sidewalks, street lights, playgrounds and beautifully landscaped common areas for you and your family to enjoy. Driftwood is close to Sacred Heart Hospital, top-rated schools, premier shopping and dining, Sandestin Golf and Beach Resort and Grand Boulevard. This is an incredible opportunity to live in the heart of it all at Driftwood Estates!
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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