102 PALM Place
About This Property
Preserving the character of Old Florida, the home features original heart pine wood floors and vaulted ceilings, while thoughtful updates ensure modern comfort and functionality. Expansive ocean views can be enjoyed throughout the home, with wraparound porches that invite you to take full advantage of the coastal setting. The five-bedroom, five-bathroom layout includes an open-concept living and dining area, a kitchen equipped with a Wolf range and new stainless steel appliances and new kitchen windows. A residential elevator provides easy access between levels. Recent upgrades include new upper and lower decks built with premium Brazilian Ipe hardwood, an updated HVAC system with new ductwork, a newer metal roof, and cedar shake siding.
Just a 10-minute walk to Beaches Town Center, where locals gather for dining, parks, boutique shopping, and nightlife. Neptune Beach continues to rank among Northeast Florida's most desirable neighborhoods for its sense of community, highly rated schools, and walkable coastal lifestyle. Schedule your private tour 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.
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About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017