5218 PORTSIDE Terrace
About This Property
Gated luxury living in Sandestin. A work of art in form and functionality. Stunning West Indies vernacular designed home that epitomizes the Emerald Coast, living in a most serene resort style setting. This private retreat expands graciously to host large-scale entertaining in and around the unsurpassed heated lagoon pool, fire pit and large hot tub. Nestled onto a small peninsula of land by Horseshoe Lake. Home features four bedrooms, five full baths and one half bath. This stucco home is complete with hardwood siding, cedar shingles, Pella wood windows, cobblestone pavers, and mahogany front door. Step inside and be greeted to wood flooring, travertine, much 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