38
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175 PHOENETIA Drive
About This Property
The list price is the STARTING BID ONLY, All bids are submitted directly to the listing agent and presented to the sellers for consideration. Sellers reserve the right to accept a bid and move forward with the sale at any time. Your own St. Augustine retreat! This charming 2/1 bungalow is the perfect spot to slow down, soak up the Florida sunshine and enjoy everything the Ancient City has to offer. Sip your morning coffee or unwind in the evening on the cozy screened-in patio, then take the fun outside to a great backyard with plenty of room for grilling, entertaining and making memories with friends. When you're ready to explore, beaches, historic St. Augustine, local dining, shopping, parks and outdoor adventures are just a short drive away. A sweet little getaway to call home! Washer and dryer relay with the sale, Roof 3 yrs, Hvac 9 yrs, Repipe 2025, meter/breaker box 2026.
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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