4713 Ocean Boulevard
About This Property
Destiny By The Sea is considered a top tier community for several reasons:
1) it's gated & boasts some of the best security guards in the business.
2) Private deeded beach access, which has become even more essential after the recent changes surrounding customary beach usage in the state of Florida.
3)Ideal location along Scenic Highway 98 providing easy biking or street-legal golf cart access to some of the best shopping & dining in Destin.
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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