118 PATCH STREET
About This Property
Property has road access. It is NOT in a flood zone. There is access to electricity. You will need to contact local utility company for details. You will need to drill well for water and install septic.
Located near multiple lakes for fishing and boating in Putnam County.
Nearby cities: Palatka – 18 Miles, Gainesville – 27 Miles, Ocala – 40 Miles, Jacksonville – 69 Miles
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 30, 2025 | Price Increased |
$8,900
↑ $1K
(12.7%) | |
| Price Increased | |||
| Nov 24, 2025 | Listed by DIBS REALTY, LLC | $7,900 | |
| Listed by DIBS REALTY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017