12437 MIKE Drive
About This Property
Step inside to a spacious living room featuring a stunning exposed beam ceiling and a cozy fireplace, ideal for relaxing evenings. The home's eat-in kitchen and separate dining area provide great options for both casual meals and formal gatherings.
Recent updates include a new hot water heater (April 2025) and a newer roof (installed December 2017), giving you peace of mind for years to come.
Enjoy Florida living at its best in the large backyard, complete with a covered deck and paver patio perfect for entertaining, grilling, or simply unwinding outdoors.
Conveniently located near shopping, dining, and excellent schools, this home combines classic charm with modern updates in one of Jacksonville's most desirable areas.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2025 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $299,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
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About Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017