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8046 Castle Pointe Way
About This Property
As you step inside, you're welcomed by vaulted ceilings, natural light, and a comfortable main living area centered around a gas fireplace. Just off the entry, a dedicated dining space with a large arched window creates a bright setting for everyday meals or gatherings.
The kitchen sits at the heart of the home with ample cabinetry, updated painted cabinets, and a functional layout that connects easily to both the living area and breakfast nook.
The split floor plan provides privacy for the primary suite, complete with trey ceilings and an ensuite bath featuring double vanities, a garden tub, separate shower, and generous closet space. Three additional bedrooms and a full bath are located on the opposite side.
Toward the back of the home, a light-filled Florida room offers a versatile bonus space, ideal for a second living area, office, or playroom, before leading out to the screened-in porch and fully fenced backyard.
The backyard is set up for both relaxing and entertaining, with a beautifully built pergola, room to spread out, and recent landscaping enhancements.
Additional updates include painted kitchen cabinets, exterior pressure washing, decorative molding in select bedrooms, and an epoxy-coated garage floor.
Conveniently located with easy access to NAS Pensacola, downtown Pensacola, shopping, and dining.
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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