4606 Range Road
About This Property
The split-bedroom floor plan provides a functional layout, while the open-concept kitchen, dining, and living areas create a spacious central gathering space. Outside, the beautifully manicured lawn adds to the property's curb appeal and provides an inviting setting to enjoy the Florida outdoors.
With no HOA and a location near Bluewater Elementary School, this property offers added flexibility and convenient access to everything the Niceville and Bluewater Bay area has to offer. Combining newer construction, an open layout, generous living space, and a detached garage, 4606 Range Road is ready for its next owner to enjoy. An assumable VA loan at 3% is available.
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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