7 Lakeview Drive
About This Property
Great opportunity to own a spacious 4/5 bedroom 2/3 bath home just west of Hurlburt AFB across from Parish Blvd Mary Esther in an established neighborhood with sidewalks! Home needs some work and has great space! Double living area, large kitchen and dining room, 2 fireplaces, master suit is spacious & includes a walk in closet & a master bath ready for your personal touch. Finish the kitchen cabinets or start over, completely up to you. Garage was converted to a 5th bedroom & an additional bathroom. No floor coverings in living room & garage conversion. The roof does need to be replaced. We have a quote for damaged areas and replacement for $10,500. or even a mud room. Get your DIY IDEAS READY!! THIS HOME SITS ON A LITTLE OVER 1/3 of an acre offering extended driveways space large enough for you to park a boat or RV. Full sprinkler system and lawn pump. Fruit Trees, Yard Building, Picnic Area, Patio & great curb appeal. Located just minutes from our White sandy Beaches, shopping, convenient to Hurlburt & Eglin AFB. Call today for showing! (2011) 25yr Demensional Shingle Roof (2017) Gas Hot Water Heater (1989 Gas Furnace, 2007 Condenser, Copper Wiring, Updated Electrical Panel. Average Utility's Power: $160 Gas: $35 Water: $70.
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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