247 SUNSHINE Drive
About This Property
Summer Point is DR Horton's newest community in St. Augustine, Florida. Its location off of U.S. Highway 1 provides easy access to many of the area's conveniences. Take a short drive to the historical downtown area of St. Augustine and enjoy its cultural richness with fine dining, museums of all kinds, a variety of shops and boutiques, and year round festivities for all ages. If a day at the beach is all you need, it's a five minute drive away .Let's not forget it's just minutes from the Crescent Beach Ram Ram
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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