90 Cobia Street
About This Property
The home's layout was designed with guests in mind. Sleeps 12 comfortably! Three bedrooms on the main level include a cheerful queen room, a king suite with porch access, and a spacious master retreat with double vanity bath and direct access to the backyard. Upstairs, the custom bunk room is a true highlightfeaturing two sets of twin/full custom-built bunks, each with an additional twin trundle below, a wave accent wall, fun decor, and a private en-suite bath.
The backyard is the crown jewel, complete with a large private pool, fire pit lounge, covered patio with outdoor TV, and grill areaperfect for entertaining and guest enjoyment. With plenty of parking, this home is designed for effortless hosting and repeat rental appeal.
With its unbeatable location, playful design, and rental-friendly floor plan, Sugar Shack is more than a beach houseit's a turn-key investment opportunity in one of Destin's most sought-after rental neighborhoods. Call me today to schedule your viewing!
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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