2163 MOREHOUSE Road
About This Property
Recommended Updates: New carpet for all bedrooms, Touch-up or full repaint, Replace vanity sink in the second bathroom, kitchen counter replacement + more, we have a bid for this work to be around 8k. New Hvac system 2024 in place and the roof is original to the build as far as we know 2002. A video walkthrough and contractor quotes are available upon request.
Please email your questions.
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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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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017