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978 Grandmas Place
About This Property
Step outside and enjoy all that this property has to offer. The large, fenced backyard provides plenty of room to spread out, while the covered back porch creates the perfect space for entertaining, grilling, or simply enjoying the quiet surroundings.
Conveniently located near Crestview, local military bases, and the beautiful white-sand beaches of the Emerald Coast, this property combines the privacy of country living with easy access to everything the area has to offer.
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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