20 SURF Drive
About This Property
Twenty-five minutes north, you'll find the nation's Oldest City, St. Augustine. Famous restaurants, national park treasures, museums, sailing tours, and shopping. About ten minutes south, enjoy Palm Coast's Ocean Hammock Resort, the European Village and a perfect mix of golf resorts and lush nature preserves. Tee off on more than forty courses within forty miles, including the World Golf Village. Fishing off-shore from St. Augustine or in the Intracoastal Waterway. Nearby marshlands and estuaries in throughout St. Johns and Flagler County harbor rare and endangered birds along Florida's Great Birding Trail, such as the roseate spoonbill, wood stork, great blue heron and osprey. Dolphins play in the wake of passing boats and manatees herd in the waterway during spring and summer. Eco-tours on water and land introduce you to the rife wildlife of our fabulous coastline of 80+ miles in what has been designated the most productive ecosystem on the planet.
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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