90 Vista Bluffs
About This Property
used as a 5th bedroom. The third floor the master suite is a sanctuary for relaxing with a covered balcony and gorgeous views of the lake. This home has two laundry rooms, three AC's and features on demand tankless water heater. NEW SOLAR PANELS, TWO NEW AC UNITS, NEW PAINT, INTERIOR AND EXTERIOR. The most beautiful beach in the world is just a five minute walk away and has public parking and restrooms, a Waterfront Restaurant, a Kid's Playground, a Boardwalk with Gazebos, and all of the Water Sports you desire. Destiny Subdivision is a gated community adjacent to the Gulf of Mexico flanked by coastal lakes and features tennis courts, gorgeous community grounds & pool area, fitness facility, entertaining space, lake front gazebo as well as centrally located near all of the world class shopping, dining & entertainment that Destin has to offer. Property is currently on a short term rental program and Buyer will be subject to reservations made on or before contract. All reservations must be honored.
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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