755 Patina Boulevard
About This Property
Magnolia Cottages is centrally situated between the vibrant destinations of Rosemary Beach, Alys Beach, Watersound Beach and The Big Chill offering an abundance of shopping, dining, and entertainment options. Explore rare coastal dune lakes, bike along the many state park trails, or swim year-round in the heated community pool. Magnolia Cottages is a rare gem along 30A and offers the best beach escape!
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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