8434 Island Drive
About This Property
Step inside to a spacious, open floor plan that's perfect for entertaining family and friends. Recent updates give this home a fresh feel, including new flooring in both guest bedrooms, fresh interior paint, new dining and kitchen light fixtures, and updated ceiling fans throughout (excluding the primary bedroom). Mounted TV outlets.
The garage has been upgraded with newly added cabinets, storage shelving, and a workbench, offering excellent functionality and organization. The laundry room has also been enhanced with new shelving and cabinetry for additional storage. Two brand new barn-doors were added, one in the laundry room and the other in the primary suite.
Outside, enjoy updated landscaping in both the front and backyard, complete with patio blocks and stone accents -- perfect for relaxing evenings or weekend get-togethers while enjoying fresh ocean breeze and our beautiful emerald coast sunsets!
The solar panels are paid off! Enjoy lower utility bills at no extra cost! Conveniently located to both Eglin AFB, Hurlburt Field, 7th Special Forces Group (Airborne) and Pensacola NAS.
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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