56 BALLAMORE Cove
About This Property
The private pool is perfect for cooling off or enjoying a drink while listening to the waves. The yard also features lush landscaping and a small lawn area. Just beyond the privacy wall is Scenic 98's walking/biking path--one of the area's favorite places to get out. Avalon Beach's private beach access is a very short walk one house down and across the street. This home is a great opportunity to enjoy beach-front living along the Emerald Coast without the maintenance involved in a property directly on the sand. Makes a great rental property (2014's gross rental income was $192,000!) or a fabulous home for a family or empty nesters!
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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