100 HAPPINESS Drive
About This Property
This home features an open floorplan with an updated kitchen, upgraded appliances, and remodeled bathrooms including a primary suite with soaking tub and shower, and a guest bath with walk-in shower. The crown jewel is the large Florida Room with expansive windows covering three walls over-looking the St. Johns River.
Other recent improvements include new windows, HVAC system, tankless water heater, expanded pantry, and a heated and cooled outbuilding.
Outdoor features include a covered boathouse, expanded dock, covered deck, and dedicated outdoor grill area, ideal for enjoying the waterfront setting. Well-maintained and move in ready. Schedule your showing today.
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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