8724 Laredo Street
About This Property
This thoughtfully updated 3-bedroom, 2-bath home blends everyday functionality with inviting design, featuring an open kitchen anchored by butcher block countertops, stainless steel appliances, subway tile backsplash, and updated lighting that adds warmth and character. Both the primary and guest bathrooms have been tastefully renovated, creating a fresh, cohesive feel throughout the home.
Recent major improvements include a new roof, water heater, and grinder pump in 2024, along with an HVAC system replaced in 2019, LVP throughout offer peace of mind for the next owner. An enclosed sunroom/laundry room provides additional flexible living space, while the detached garage creates room for storage, hobbies, or workshop use.
Set on a spacious lot just under half an acre, the backyard offers room to spread out, entertain, garden, or simply enjoy the privacy that larger parcels provide -- all without HOA restrictions.
Conveniently located near Navarre Beach, Navarre Beach Pier, and Hurlburt Field, this property offers an ideal balance of coastal access, everyday convenience, and move-in ready confidence.
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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