709 Main Street
About This Property
Situated on an oversized lot with room for boat or RV parking, this property also features a 2-car garage, extended driveway, and additional second parking area with extra space for RV and boat storage. Inside, you'll find cathedral ceilings, a fireplace, split-bedroom floor plan, spacious family room, renovated tile flooring throughout, and an updated kitchen with granite countertops, center island, wet bar, backsplash, and wine fridge.
Step outside to your own private backyard oasis featuring a resurfaced saltwater pool with LED lighting, new pool deck, hot tub, and updated fencing. Major improvements include windows (2022), HVAC (2025), remodeled bathrooms, interior/exterior paint, front door, laundry room, and custom master closet updates.
Whether you're looking for a primary residence, second home, or investment property in Destin, FL, this home offers exceptional location, updates, and lifestyle appeal!
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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