14510 MARSH VIEW Drive
About This Property
This community offers opportunities for fishing and kayaking. The Isle of Palm Park is located within walking distance of this home. The park has tennis courts, a playground, a covered gazebo, and a walking trail surrounding it. This home was built on a double lot (150×115) in 2000. The home has an oversized 2-car garage and an additional single-car garage for a total space of 838 sq ft. Each garage has built-in storage organization system. This home has 5-inch engineered maple wood flooring throughout, an in-ground propane gas tank, and an on-demand propane gas water heater. The kitchen has a new GE 5-burner gas cooktop, GE Monogram tri-vection microwave oven, Bosch electric convection oven & dishwasher, and Kitchen aid French door refrigerator with wood panels that match cabinets. Primary BR has walk-in closet with custom cabinetry & closet system. The primary bath features a an extra-large soaking tub and separate shower. The home has whole house water filter system and water softener. There is also has 3 stage reverse osmosis purification water system in the kitchen. HVAC systems was replaced 2020 to include extensive air purifying system which includes Aprilaire filters and UV lights on both air handlers. This home has 2 solar tubes for additional Natural light. There is a bonus room that can be used for inside storage which is climate controlled immediately adjacent to garage. A screened 568 sq.ft. Lanai provides room for outdoor entertaining. A 20-foot paver pad with a propane gas firepit completes the backyard oasis. There are two wells on the property. One is 50 feet deep and the second well is 197 feet. This well runs the sprinklers. Roof was replaced in 2021. Native old oak trees on the property provide wonderful shade.
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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.
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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 Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017