104 KINGS TRACE Drive
About This Property
On the exterior you will find a covered screened lanai with tile floors and ceiling fan, a huge side yard which is great for the kids and pets to roam and run, there is an additional side paver patio for the grill, a privacy screen for the garage, and the home has beautiful stone accent which upgrades the entire look and feel of the property.
Additional features include a new A/C for the upstairs in 2018, new fans throughout, new granite countertops in the kitchen, all bathrooms, and laundry, security system, a retractable screen door on the front door, beautiful custom slider to the bonus room and laundry, a sink was added to the laundry room, and there is a current termite bond in place with Bug Out.
Centrally located and within minutes to shopping and restaurants, this home is not to be missed! Downtown St. Augustine and the beautiful white sand beaches of St. Augustine Beach are a quick 10-minute drive away.
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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 St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017