93 Cayman Cove
About This Property
WOW! Beautifully furnished 3BR/3BA home in the highly sought-after gated community of Destiny West, ideally located directly across the street from the beach. Offering an exceptional combination of location, coastal lifestyle, and investment potential, this well-maintained home is perfectly suited as a primary residence, second home, or vacation rental.
Priced at $949,000, this is an exciting opportunity to own in one of Destin's most desirable beach communities.
The home welcomes you with excellent curb appeal, lush tropical landscaping, mature palm trees, and colorful flowering plants that provide beautiful natural shade. Newly installed paver parking adds both style and functionality, providing additional space for vehicles and golf carts.
Inside, the spacious open-concept floor plan is designed for relaxed coastal living and effortless entertaining. Distinctive details include crown molding, striking beamed ceilings in the living room, and tile flooring throughout the first floor. Beautiful furnishings complement the home's coastal feel, making it ready to enjoy from day one.
With the beach just across the street, a prime Destiny West location, and a new price of $949,000, this home offers an outstanding opportunity to enjoy the Destin lifestyle while also benefiting from excellent vacation-rental potential.
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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