10404 STONE Road
About This Property
Seller will pay:
1. Real Estate Commission
2. Provided the buyer uses the seller's title company the seller will pay for the Owner's Title Policy. ALL OTHER CLOSING COSTS ARE CONSIDERED TO BE BUYER CLOSING COSTS AND IF PAID BY THE SELLER WILL BE CONSIDERED A SELLER CONCESSION.
Any closing costs checked for the seller to pay in Paragraph 9 of the NEFAR Purchase and Sale Agreement will be presented to the seller as a seller concession. This could affect your buyer's offer, particularly in a multiple offer situation.
Any Seller concessions should be put in Section 38 of the Fannie Mae Real Estate Purchase Addendum (REPA):
• Seller will contribute up to $________ towards buyer closing costs, points, and prepaids. In the event that the buyer's lender restricts the allowable Seller contributions toward Buyer's closing costs, Seller's actual and total contribution shall be limited to the allowable amount.
• If buyer selected their own settlement vendor in section 10f: Seller will contribute up to $0. towards buyer closing costs, points, and prepaids, excluding title insurance. In the event that the buyer's lender restricts the allowable Seller contributions toward Buyer's closing costs, Seller's actual and total contribution shall be limited to the allowable amount.
SELLER WILL NOT PAY STATE DOC STAMPS ON DEED - BUYER MUST PAY (contact Listing Agent for Details). Fannie Mae pays only the commission and tax prorations unless otherwise agreed in section 38. All other costs are the responsibility of the buyer. Fannie Mae is a congressionally chartered corporation and is exempt from realty transfer taxes pursuant to 12 U.S.C. 1723a(c) (2). If the state or municipality does not recognize this exemption then it is the responsibility of the buyer to pay the cost.
KEYS WILL NOT BE RELEASED AT CLOSING. Buyer must wait for Fannie Mae Approval to release keys (receipt of closing documents and final Wire).
Buyer must confirm GLA size, utilities, lot size - anything of importance to buyer. If applicable: amenities, costs of club memberships, covenants and restrictions, HOA requirements and/or restrictions.
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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 |
|---|---|---|---|
| Jun 27, 2018 | Sold | ||
| Sold | |||
| May 21, 2018 | Listed by FLORIDA REO SERVICES OF JAX INC | $64,200 | |
| Listed by FLORIDA REO SERVICES OF JAX INC | |||
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About Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017