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7 Cahaba Lane
About This Property
2,710 square feet with four bedrooms and three-and-a-half baths. Three separate living areas--including two downstairs and one upstairs--provide exceptional flexibility for everyday living, entertaining, guests, a game room or additional family space.
Much of the expensive work has already been addressed, including a 2020 roof, updated electrical, A/C, replacement of fogged windows, fresh paint and a new pool liner. Recently installed brick pavers enhance both the driveway and pool area.
Outside, the private pool and spacious yard provide room to relax and entertain without feeling crowded by neighboring homes. Conveniently located minutes from Destin's beaches, harbor, restaurants, shopping and recreation. A compelling combination of space, flexibility, lot, pool and location.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Relisted | $589,000 | |
| Relisted | |||
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Relisted | $589,000 | |
| Relisted | |||
| Sep 2, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Listed by RE/MAX Coastal Properties | $589,000 | |
| Listed by RE/MAX Coastal Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017