4509 Luke Avenue
About This Property
Located in the heart of Crystal Beach, this enchanting getaway is just a golf cart ride away from the shopping, dining, and entertainment of the Destin Commons area and the beauty and multiple beach accesses of the Scenic Gulf Drive Corridor. Come discover a gem of a beach house where a treasure trove of memories are meant to be made - whether your own or your rental guests at 4509 Luke Avenue!
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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