528 Eastern Lake Road
About This Property
The great room opens to the rear patio, steps from the sugar sand and is the perfect balance of casual and elegance - ideal for entertaining large crowds or an intimate dinner party. The sleek Chef's kitchen will satisfy everyone with professional grade appliances complimented by the marble countertops atop an oversized center island and custom backsplash. The private and first floor master bedroom is the perfect retreat after a day of paddle boarding or kayaking on the Coastal Lake, offering a large walk in closet with a spa like master bathroom with over-sized shower.
Taking the elevator to the second and third floors, guest suites with private or shared baths await guests ready to rest after a day shopping in Rosemary Beach or biking down 30A. The second living area complete with a full kitchen and private balcony overlooking the emerald waters and over-sized bunk room for endless sleepovers make this a true coastal retreat. An outdoor shower, wind-rated doors & windows, and two-car garage complete the home. This sought-after Seagrove Beach home offers the ideal 30-A lifestyle in a neighborhood with no homeowners association & healthy rental projections for investors or second homeowners.
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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