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77 Mobile Street
About This Property
The bright, open-concept living area features abundant natural light, generous seating, and a large dining space ideal for gathering with family and friends. The adjoining kitchen offers white cabinetry, granite countertops, stainless steel appliances, a spacious island, and additional bar seating. Thoughtfully planned sleeping accommodations include well-appointed bedroom suites, a twin guest room, and a custom built-in bunk room that adds character and valuable guest capacity. Multiple bathrooms feature granite vanities, tiled showers, and attractive coastal finishes.
Outside, enjoy covered front and rear porches, a landscaped yard, paver driveway, and attached garage with room for beach gear, bicycles, and a golf cart. The gated community also offers a swimming pool and convenient access to the sugar-white sand and emerald waters of the Gulf.
With its recent updates, flexible layout, and desirable Miramar Beach location, this home is well suited as a vacation rental, second home, or full-time residence. Opportunities of this size under $1 million in Frangista Beach are increasingly difficult to find.
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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