707A Cypress Drive
About This Property
Built in 2019, 707A Cypress Drive welcomes you with an inviting entryway that opens to a spacious, light-filled floor plan designed for comfortable everyday living. The kitchen is a standout feature, showcasing 42' shaker cabinets with soft-close doors and drawers, quartz countertops, farmhouse sink and plenty of prep space for gathering and entertaining. Downstairs features durable laminate flooring, while upstairs bedrooms are carpeted for sound control and comfort. The bathrooms offer beautiful wood-look tile for a clean, modern finish. All bedrooms are generously sized and easily accommodate larger furniture pieces.
Additional features include:
Rinnai tankless water heater (panel currently out; system fully operational)
Electronic dog door activated by collar chip
Smooth and tall ceilings throughout
Double garage with ample driveway parking
Screened porch and patio area -- perfect for grilling, relaxing, or enjoying a fire pit evening
Plywood hurricane shutters included for added peace of mind
This home offers the perfect blend of convenience, comfort, and lifestyle in one of Niceville's most desirable central locations.
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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