5686 Griffith Cemetery Road
About This Property
The home boasts a metal roof (about 20 years old), a septic system and gas hot water heater, and onsite propane gas. A brand-new HVAC system and ducting have also been installed. Located just a short distance from Baker School, this home is also within easy reach of Okaloosa Island Beaches (30 miles), Destin (45 minutes), Duke Field (16 miles), Eglin AFB (27 miles), and central Crestview (7 miles). Property should have no problem with VA loan. Call today to view!
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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