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Listing Details
- $270,000
- MLS# 999350
- Type Residential - Condominium
- Status Active
Listed By
Agency Name: The Property Group 850 Inc
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
Home Value Estimate
Description
VA APPROVED! Fully furnished unit in Destin West Beach and Bay Resort with access to white sand beaches, a lazy river, and resort style amenities, making it ideal as a vacation getaway or income producing rental. Projected gross income is approximately $30,000 per year with an estimated NOI of $11,592 annually, reflecting about a 4.29% cap rate, with potential up to approximately $16,992 annually or about a 6.3% cap rate through self management or improved rental performance. Future rental bookings are already in place, providing immediate income potential for the new owner from day one. This is a great opportunity to own a beach property...read more
Features
- Cooktop
- Dishwasher
- Microwave
- Refrigerator
- Smoke Detector
- Ceiling Fans, Central Air
- Floor Tile
- Central
- $3,150 Taxes
- Built in 2006
Gallery
Listed By
Agency Name: The Property Group 850 Inc
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
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