241 ASHBURY Street
About This Property
Don't miss this opportunity to own a like-new home in a highly sought-after community. Schedule a tour today and see for yourself all that this home has to offer!
Shearwater is a master-planned community designed to provide a healthy and active lifestyle for residents with numerous amenities and natural surroundings.
The community is located on 1,500 acres of land, which includes 600 acres of preserved wetlands and natural areas. This allows for plenty of green space and outdoor activities, such as hiking and biking trails, kayaking, and fishing.
One of the central features of the community is the Kayak Club, which is situated on Trout Creek and offers a variety of water-based activities. There is also a resort-style pool and lazy river, a fitness center, tennis courts, dog park and a playground.
Shearwater also has a vibrant social scene with regular events and activities organized by the community's Lifestyle Director.
In terms of location, Shearwater cannot be beat! St. Johns County is known for its top-rated schools, and offers easy access to shopping, dining & healthcare, along with treasures of visiting historic downtown St. Augustine just a few miles away.
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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