2310 BAYVIEW
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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%.
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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 |
|---|---|---|---|
| Jan 27, 2023 | Sold | ||
| Sold | |||
| Sep 12, 2022 | Listed by MASH REALTY SERVICES, LLC | $325,000 | |
| Listed by MASH REALTY SERVICES, LLC | |||
| | |||
|
Excellent opportunity to cover part of your mortgage payment with tenants or AirBnB in the garage apartment. Main house is a 3/1, but has a room that could be converted to a 4th bedroom. Detached apartment is 1/1 with own laundry. Long term tenant currently pays $600 a month but rental comps support $900-$1000 a month for similar units. Close to Riverside/Avondale/Ortega. Roof on main house replaced in 2014; Apartment roof replaced in 2021. Main house also had new air handler and condenser in 2019. New septic system. Garage apartment does have separate address.
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| Aug 3, 2022 | Listed by MASH REALTY SERVICES, LLC | $325,000 | |
| Listed by MASH REALTY SERVICES, LLC | |||
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|
Main house is 3/1, with bonus room that could be converted to 4th bedroom, along with attic space that could be converted to usable space.Rental comps currently support $1600 a month.Detached apartment is 1/1 with own laundry.Tenant currently pays $600 a month but rental comps support $900-$1000 a month for similar units.No lease in place with tenant. Excellent opportunity to cover your mortgage payment with tenants or AirBnB, or live in it yourself and rent out garage apartment. Roof on main house replaced in 2014; Apartment roof replaced in 2021. Main house also had new air handler and condenser in 2019. New Septic System. Garage apt. has own address.
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| Jul 18, 2022 | Listed by CONDO & HOME REALTY, INC. | $400,000 | |
| Listed by CONDO & HOME REALTY, INC. | |||
| May 17, 2012 | Sold | ||
| Sold | |||
Property Highlights
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017