1517 SE Miracle Strip Parkway , #403

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 with income potential in a high demand area. investment property. Destin West is one of the Emerald Coast's most sought after resort communities, offering owners and guests access to multiple pools, a lazy river, hot tubs, fitness center, and private beach access. The resort's signature sky bridge conveniently connects the gulf side and bay side amenities, giving you the best of both worlds without ever crossing traffic. Destin West offers an onsite Marina with 25 slips available for rental. Strong HOA. Fully furnished. Prime beachside location. Gulf and bay views. Resort style amenities. Immediate rental income potential. This is a rare opportunity to own one of the best values currently available on Okaloosa Island.