1280 King Road
About This Property
Two lots total .40 acres fronts on a canal just around the bend to open water on the St Johns River. Private boat dock already exists.Nothing beats a day of boating and fresh water fishing on the St Johns River. Electric Power & City Water on the property. Bring your camper & hook up for as long as you want. Dock your boat on the river and have fun. Paved roads to the property. You cannot build a home at this time due to septic permits. They don't make waterfront lots like this anymore. If you want your own camping & fishing location this is the place. ''Pass the Gator Tail Please'
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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 |
|---|---|---|---|
| Jun 30, 2016 | Sold | ||
| Sold | |||
| Mar 10, 2016 | Listed by RE/MAX Aerospace Realty | $70,000 | |
| Listed by RE/MAX Aerospace Realty | |||
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Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 748889
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017