113 PERRY Avenue
About This Property
be scrapped, but at a minimum you should save a fortune on building costs with things like a well and septic, land clearing, culvert/driveway, etc. No HOA. Internet Service available in the
area. Located in a peaceful neighborhood with easy access to Highway 17 Perfect for anyone looking for a peaceful and tranquil area to build a home away from the hustle and bustle of the
city on this large Lot. No Impact Fees in Putnam County still!! (impact fees are a required fee when building on raw land that is charged by most every county in Florida, normally thousands
of dollars). Lots of speculation that land prices will go way up in this area with the likely building of a new Bass Pro Shop and resort in Welaka on 4300 acres. Get in now while prices are still low. The lot next door (109 Perry Ave) is available for the same price, which would give you 2.34 acres and possibility of having two homes, if you like.
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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