101 LEMON Trail
About This Property
Ride your golf cart just a couple of blocks to the golf course or head across the street to the oversized boat slip, where your pontoon boat awaits on the lift for a relaxing cruise on the St. Johns River.
Numerous upgrades include a brand-new metal roof, new subfloors and flooring, new porch railings, a completely remodeled bathroom, updated light fixtures, HVAC only 3-4 years old, and a new washer and dryer.
Sold fully furnished and fully equipped-furniture, dishes, utensils, towels, sheets, and even a new pressure washer are included. Additional features include community water and septic, a community center with no HOA fees, nearby restaurants and bars, 30-amp RV service, and a storage shed with electric.
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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