1940 ALICE DRIVE
About This Property
Enjoy breathtaking river views from the stunning glass-enclosed Florida room, the perfect place to relax with your morning coffee or unwind at sunset. Just beyond, the spacious family room with a cozy fireplace creates a warm and inviting gathering space for family and friends.
Outside, the beautifully landscaped grounds are complemented by a circular driveway and a two-car garage with separate overhead doors. Boating enthusiasts will appreciate the impressive waterfront amenities, including a covered double boathouse, three additional boat slips, and an upstairs waterfront entertainment area with panoramic views of the St. Johns River.
Whether you're looking for a full-time residence, a weekend retreat, or the ultimate waterfront lifestyle, this exceptional riverfront property offers endless opportunities for relaxing, entertaining, and enjoying life on the water.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017