1081 DEER CHASE Drive
About This Property
From the moment you arrive, mature palm trees, a manicured yard, and attractive curb appeal create a welcoming first impression. Inside, a flexible guest suite is located just off the entry and includes its own private bathroom. Currently used as an office, the space can easily function as a fourth bedroom with the addition of a door.
The home has an open floor plan with vaulted ceilings and a skylight bringing natural light into the main living areas. A split-bedroom layout provides added privacy, with two guest bedrooms and a shared bathroom on one side of the home and the primary suite on the other. Out back, a large screened patio overlooks the fully fenced backyard, creating an ideal place to relax or entertain. A paver walkway leads to a pergola where you can enjoy cooler evenings outdoors, while the oversized yard offers plenty of room for gardening, additional storage, a future pool, or simply more space to spread out.
Stonegate offers the convenience of being close to shopping, dining, historic downtown St. Augustine, and area waterways without the restrictive HOA rules found in many newer communities. The neighborhood also allows on-site storage of recreational vehicles, making it especially appealing for boat and RV owners.
Additional highlights include a 2019 roof, 2021 HVAC system, low county taxes, and a desirable Flood Zone X designation, where flood insurance is generally not required by lenders.
If a larger lot, flexible living space, and fewer neighborhood restrictions are high on your list, 1081 Deer Chase Drive is one you'll want to see in person.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017