208 PRINCESS Drive
About This Property
Zoned for brand new St John's County Palm Valley Academy K-8! Kelly Pointe is a small, tight knit community of about 180 homes. The neighborhood offers two playgrounds/parks and it's own paved golf cart path. Path offers easy access to all of Nocatee's shops and restaurants plus the resort style amenities such as the Splash Park and new Spray Park! Live like you're on vacation 365 days a year!
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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