1197 CUNNINGHAM CREEK Drive
About This Property
Inside, the home offers fresh interior paint, new hardwood flooring throughout (2024), high ceilings, crown molding, and abundant natural light. The gourmet kitchen has been fully remodeled with high-end quartz countertops, matching backsplash, updated appliances including a Wolf induction cooktop, and a spacious layout overlooking the Family Room and backyard. The first-floor primary suite features serene views, a sitting area, walk-in closets, and a remodeled bath. Enjoy the spacious screened lanai with views of mature trees and ample yard space suitable for a future pool. The home is near the end of a quiet cul-de-sac and is located under 100 feet from the community pool and kayak launch.
A rare opportunity to own a move-in-ready deep-water property in one of St. Johns County's most desirable areas.
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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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About Fruit Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017