10050 NOROAD
About This Property
Perhaps one of the last remaining oasis in Jacksonville to enjoy a lifestyle that allows freedom to build without the restrictions of an association and homes never built on top of each other. With approximately 8 acres of planted pines in the rear of the property and almost 5 acres high and dry it will check a lot of boxes for someone that wants to live in the country but doesn't want to drive far to the shopping, schools and work. In this market it is hard to find great property like this and it comes with lumber and wildlife at no extra charge. Please do not disturb the neighbors or park on their grass. Appointments are required.
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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 |
|---|---|---|---|
| Oct 26, 2021 | Sold | ||
| Sold | |||
| Aug 30, 2021 | Listed by JPAR CITY AND BEACH | $199,900 | |
| Listed by JPAR CITY AND BEACH | |||
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017