1551 DAVIDSON Street
About This Property
Come see this 2 bedroom, 1 bathroom home in the Hendricks elementary school zone! You can change a lot about a house but it's nearly impossible to change a houses location. This property couldn't be in a better spot with so many things within a walk or short drive. Also, if you're interested in owning investments, it's a perfect house to live in as a primary and convert to a rental property providing a constant stream of rental income. There are truly so many possibilities with this cute place in the San Marco area.
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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.
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About Southeast Jacksonville
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$1,670 /mo
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$1,600 /mo
- 2 Beds
- 1 Bath
- 920 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017