566 Lightning Bug Lane
About This Property
Firefly Residents Have Their Own Amenities But Also Enjoy The Amenities Of Hammock Bay Which Includes An 8000 SF Fitness Facility (24/7), Huge Olympic Sized Lap Pool + Another Resort Style Swimming Pool, Splash Pad, Tennis, Pickleball, Basketball, & Playground. At The Owners Club You Have Access To Theatre, Catering Kitchen, & Party Areas. There Is A Lawn Gathering Area w/ Event Stage & Huge LED Jumbotron TV. A Favorite Spot For Fans to Watch Sporting Events or Movies. Next To This Is A General Store & Props Brewery. There Is An Area For Food Trucks And Farmers Markets Located Here Too. There Are Miles Of Biking, Hiking, & Walking Trails Throughout Hammock Bay & A Dog Park For Pooches.
There Are 60 Acres Of Sports Complex (Soccer, Baseball, Disc Golf, etc) & A New Freeport Middle School Under Construction Next To Hammock Bay As Well.
Hammock Bay Has A Clubhouse On The Choctawhatchee Bay With A Shared Community Dock. Another Hammock Bay Area Is Building A Lakeside Clubhouse To Be Finished This Year.
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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