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17 SYLVAN Drive
About This Property
The home features refinished heart pine floors, a spacious chef's kitchen with granite countertops and custom cabinetry, Brazilian cherry flooring, two gas fireplaces, custom closets, and plantation shutters. Although the South Wing is new construction, the full rebuild included the complete replacement of all major systems throughout the home, including plumbing, electrical, HVAC, windows, roof, and insulation.
Enjoy exceptional outdoor living with a screened saltwater pool, outdoor shower, paver deck, vinyl privacy fencing, and two concrete driveways. Additional upgrades include a 3 car garage, whole house generator, buried propane tank, tankless water heaters, and artesian well with equipment.
Located just blocks from Uptown's cafes, boutiques, and restaurants, and less than one mile to historic Downtown St. Augustine. Vilano Beach is minutes away. A rare opportunity to own a fully updated home in one of the city's most desirable neighborhoods.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017