691 Earl Godwin Road
About This Property
Built in 2019, this two-story design features a smart and flexible layout with one bedroom and a full bath on the main level (ideal for guests or multigenerational living) while the remaining bedrooms, including the spacious primary suite, are upstairs. The open-concept main floor creates an easy flow between the living, dining, and kitchen areas, and the fenced backyard and two-car garage add to the home's everyday functionality. Additional updates include a tiled kitchen backsplash, new appliances, and pavered front porch and back patio. The included washer and dryer make this home feel move-in ready and you'll love the plethora of closet space in this home.
Residents of Crescent Mill, one of Hammock Bay's maintenance-free neighborhoods, enjoy HOA benefits that cover cable TV with over 150 channels as well as full lawn care (including mowing, irrigation, mulching, and fertilization) giving you more time to enjoy everything Hammock Bay has to offer.
And, the amenities truly set this community apart. Hammock Bay spans more than 3,000 acres and features resort-style pools, a 24/7 8,000-sq-ft fitness center, a beautifully designed owners' clubhouse with gathering spaces, bar area, caterer's kitchen, and a private movie theater. Outdoor recreation is endless with lighted tennis and pickleball courts, basketball courts, playgrounds, a dog park, miles of walking and biking trails, and the Bay Club with its fishing pier. Sports enthusiasts will love the 60-acre complex with soccer and softball fields, sand volleyball, batting cages, and disc golf. The community also hosts frequent events and activities, creating a warm and connected neighborhood atmosphere.
Just 22 minutes from the sugar-white beaches of the Emerald Coast and conveniently positioned near both the Main and West entrances of Hammock Bay, this home delivers the best of coastal living with everyday ease.
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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