96 Sarasota Street
About This Property
Welcome to 96 Sarasota, located just 2 blocks off the beach and including tasteful and elegant touches found throughout the large 8 bedroom home. All 8 bedrooms have their own private bathroom! The 1st floor features a gourmet kitchen, large dining area, living space, a King-Suite, and bonus media room. You also have access to the tropical pool deck. On the 2nd floor you will find 3 more King-Suites and a custom-made bunk room with private bathroom. Two of these King-Suites have private balconies. On top level is the lounge and game room with pool table, covered balcony, and beautiful views of the Frangista Beach Community. You will also find 3 more King-Suites, two of which have private balconies. Newer washer and dryer are located on the 2nd AND 3rd floors. All 3 HVAC systems were replaced in 2022. Being sold fully furnished and rental ready for the savvy investor or your own private getaway. The property is conveniently located right in the heart of Miramar Beach within close proximity to many great dining and shopping options. Surf Hut, Royal Palm Grill, Whale's Tail, Pompano Joe's, Acme Oyster House, Two Birds Cafe, Seascape Towne Center, Silver Sands Outlets, and much much more.
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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