160 SPRUCE HILL Point
About This Property
Inside, you'll find a bright, open layout a show stopper oversized kitchen island and a versatile flex space ideal for a home office, playroom, or guest area. The owner's suite features a spacious walk-in shower with built-in bench, while the living area opens through an 8' multi-slider glass door to the covered lanai--perfect for enjoying Florida living. Situated on a tranquil preserve lot, the home features a fully fenced backyard offering both privacy and peaceful natural views.
Additional features already in place include a screened lanai, upgraded lighting and ceiling fans, water softening system, and all appliances included. Located within walking or biking distance to Freedom Crossing Academy and the RiverLodge amenity center, featuring a lazy river, splash pad, sand volleyball, kayaking, zip line, scenic trails, and a brand-new state-of-the-art fitness center. **New Community entrance on Greenbriar near The Bluffs opening soon **
Rivertown is a vibrant master-planned community along the St. Johns River with miles of trails, parks, and three resort-style amenity centers. RiverHouse, located directly on the St. Johns River, offers an infinity pool, full restaurant and bar, amphitheater, and game room. RiverClub features a waterslide, zero-entry pool, heated lap pool, gym, and fitness studio, providing year-round recreation for residents.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017