1 2ND Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2017 | Sold | ||
| Sold | |||
| Mar 2, 2017 | Listed by RE/MAX SPECIALISTS PV | $1,350,000 | |
| Listed by RE/MAX SPECIALISTS PV | |||
| Mar 19, 2015 | Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY | $1,125,000 | |
| Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY | |||
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Direct oceanfront on a favorite street in the heart of St. Augustine Beach, this classic seaside home is within easy reach on foot or by bike to numerous local restaurants, boutique retail shops, pier and pavilion and the southernmost point of our beautiful Anastasia State Park. One of the few remaining beach houses from the heyday of the 1920s, it retains wonderful details from the past and all modern amenities for today's living and with 5 bedrooms and 4.5 baths, there's room for everyone. Known as the "Bird of Paradise," this established and highly successful vacation rental grossed nearly $70K in 2014, is projecting $100K in 2015 and presents a turnkey opportunity for continued income if that be the desired use. A wraparound porch looks over dunes to the sea and expands your living space. Almost all of the rooms offer wide-open ocean views with sunlight streaming in to illuminate the interior. Generous living and dining rooms open to an updated kitchen and then spill out to the porch. A wide sunroom to the south side is perfect for all kids to bunk down while the 1st floor master enjoys its privacy away from the common rooms. En-suite the master has a huge walk-in closet and the bath offers separate shower, soaking tub, individual vanities and abundant storage space. Enjoy early morning coffee from the master porch. A 1/2 bath is handily tucked under the stairs. On the second floor another en-suite makes for a second master with ocean views east and south. Three additional bedrooms share a hall bath, and all enjoy vistas of sea and sky. Keeping things simple, the laundry is in a separate room at the bottom of front entry stairs and there's a beach bathroom in there with a shower in case someone beats you to the outdoors shower. A deep double carport keeps cars in the shade and provides storage for water toys. The backyard is ripe for kids of all ages to engage in outdoor fun and 50 steps from the front door is the beach walkover. Welcome to the beach...
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| Jul 17, 2014 | Sold | ||
| Sold | |||
| Jun 9, 2014 | Listed by RE/MAX SPECIALISTS PV | $1,199,000 | |
| Listed by RE/MAX SPECIALISTS PV | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017