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10043 INNOVATION Way
About This Property
From the moment you walk in, the open layout just feels right. The kitchen, dining, and family room flow together with a wall of sliding glass that opens to the screened lanai, perfect for cooking, entertaining, or relaxing at the end of the day. The kitchen has a big island for gathering around, Sonoma Maple Cognac cabinets, Silestone counters, and a stainless steel gas range. Tile flooring runs through all the main living areas, the study, owner's bath, and laundry, giving the home a clean and low maintenance feel. The owner's suite is set apart from the other bedrooms and has a roomy bath with a garden tub, a separate tiled walk in shower, dual vanities, and a generous walk in closet. The other bedrooms are nicely sized, and the flex space makes a great home office, study, or extra living area. Smooth walls, 8 foot doors, and crown molding in the dining and family rooms add a custom feel you don't always get in newer homes.
Step out back to a peaceful wooded preserve with no rear neighbors. The screened lanai is a great spot for morning coffee or winding down in the evening.
The Smart Home package is already set up too, with Samsung SmartThings, Eero mesh WiFi, a Ring 2 doorbell, Amazon Echo, and WiFi thermostats. Gutters all the way around, a water softener installed, and Cat6 wiring round it out.
Living in E-Town is a whole experience. Half the community is kept as preserve, so nature is part of the neighborhood. Residents enjoy Recharge, the 5 acre amenity center with a resort style zero entry pool, a 3 lane lap pool, fitness center, outdoor yoga lawn, rooftop patio, playground, event lawn, and dog park. Just down the road is The Exchange, the walkable town center with Publix, Baptist Health, Gate, Mr. Chuy's, Mechanism Coffee, Papa John's, Fifth Third Bank, and more. Connected paths make it easy to get around by foot, bike, or golf cart.
Sitting right between St Johns Town Center and Flagler Center with quick access to I-295 and I-95, you are minutes from anywhere in Jacksonville while still coming home to a quiet, well planned community.
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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.
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About Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017