0110 OLD MAIL RTE Road
About This Property
Build your new home on this beautiful Wooded Land located 1 mile outside of Crescent City in a very nice location.
The land is zoned AG (agriculture) allowing for one Single Family Home or Mfg/Mobile Home. You could create your own mini-farm on this land. CHAMBERLINS ADD, a subdivision, was created in Year 1923. Thus, Buyer should perform due diligence and apply for well & septic systems permits from the Florida Department of Health; also for House setback requirements consistent with current Putnam County Plan and Land Development Code of December 19, 1991. This wooded Land is in a wonderful location! BUY NOW! CALL NOW!
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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