706 Marsh Harbor Drive
About This Property
Welcome to 706 Marsh Harbor Drive, a beautifully cared-for home in a peaceful and established Mary Esther neighborhood.
Inside, you'll find bright, open living areas designed for both relaxing and entertaining. The layout flows seamlessly from the main living space to the kitchen and dining areas, creating a comfortable and versatile environment. With four bedrooms and two bathrooms, there's plenty of room for everyone - or the flexibility for guest space, a home office, or hobbies.
Updates include a new water heater (2025) and new lawn sprinkler pump (2025). The HVAC system (2015) and roof (2003) have been properly serviced and remain in good condition. An attached 2-car garage, low-maintenance yard, and convenient location to Eglin AFB, Hurlburt Field, shopping, dining, and the beautiful Gulf beaches complete the package.
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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