8908 Binnacle Court
About This Property
One of the home's greatest advantages is its East Navarre location. Enjoy deeded access to Santa Rosa Sound and the neighborhood beach while remaining conveniently close to central Navarre for shopping, dining, parks and everyday amenities.
Located within approximately one mile of the Navarre Beach Bridge, it's easy to head across to Navarre Beach and spend the day enjoying the beautiful white sandy beaches and emerald waters of the Gulf.
Hurlburt Field AFB is also within a short driving distance, while nearby Hwy 87 provides convenient access north to I-10. Navarre's central location between Pensacola and Destin puts even more of Northwest Florida's shopping, dining, entertainment and beautiful coastline within easy reach.
From its tucked-away cul-de-sac setting and spacious backyard to the beautifully remodeled primary bath, valuable recent improvements and deeded access to Santa Rosa Sound, this home offers a wonderful opportunity to enjoy the relaxed coastal lifestyle that makes East Navarre such a desirable place to call home.
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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