1505 GLENGARRY Road
About This Property
PARADISE HOME. A very unique pool home on a great location close to everything, only a 4 minute drive to the stadium close to downtown and only 7 minutes to historic San Marco where you can find some of the fine dining in Jacksonville and yet less than 25 min to the beaches. The house has 3 bedroom and 2 bathroom with an additional room/ office which has been completely renovated and transformed in to a beautiful vacation home for the new owner to enjoy every bit of it. Roof is less than 13 years old, HVACH IS from 2019 and everything else has been upgraded.
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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 Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017