227 RIBERIA Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | Listed by JPAR CITY AND BEACH | $649,000 | |
| Listed by JPAR CITY AND BEACH | |||
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This exceptional property, currently thriving as a short-term rental, presents a unique opportunity to own a turnkey residence that could also serve as a delightful forever home. Built in 2021 by the renowned Generation Homes of St. Augustine, this single-family dwelling is situated in the desirable RG-1 zone, permitting nightly rentals, and boasts an outstanding level of maintenance and care. The home comes fully furnished, with every detail thoughtfully included to ensure immediate comfort and convenience. Its prime Lincolnville location places it within an easy stroll or bike ride to the heart of downtown St. Augustine. Here, residents and guests alike can immerse themselves in the local culture, from the educational allure of Flagler College to the festive ambiance of the Nights of Lights and the historic charm of St. George Street. The area is also a hub for an array of restaurants and vibrant nightlife options. Designed with both style and function in mind, the home features a raised foundation stem wall for enhanced durability and hurricane-resistant windows and shutters for added security. The interior is tastefully decorated and styled, creating a welcoming and aesthetically pleasing environment. This property represents a seamless blend of investment potential and homey charm, ideal for those looking to capitalize on St. Augustine's thriving rental market or seeking a beautiful permanent residence in this historic city. Don't miss your chance to experience this exquisite property firsthand. Call me to schedule a private showing or have your realtor take you through this remarkable home today. Discover the perfect blend of investment opportunity and personal sanctuary in the heart of St. Augustine.
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| Jun 15, 2023 | Listed by RE/MAX SPECIALISTS | $649,900 | |
| Listed by RE/MAX SPECIALISTS | |||
| Mar 21, 2023 | Sold | ||
| Sold | |||
| Oct 18, 2022 | Listed by RE/MAX SPECIALISTS | $695,000 | |
| Listed by RE/MAX SPECIALISTS | |||
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About Lincolnville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017