251 NARVAREZ Avenue
About This Property
Located off SR-207, Entrada is zoned for top-rated St. Johns County Schools and is minutes away from excellent shopping and dining.
Highlights Include:
-Wide, spacious home sites
-Home sites with lake or preserve views
-Located near the historic St Augustine area and outlet malls
-New pool, community center, and tot lot coming soon
-Highly Rated St. Johns School District
-Individual home-site premiums are not reflected
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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 |
|---|---|---|---|
| Jul 29, 2022 | Sold | ||
| Sold | |||
| Apr 30, 2022 | No longer available | - | |
| No longer available | |||
| Apr 14, 2022 | Listed by D.R. Horton - North Florida | $489,990 | |
| Listed by D.R. Horton - North Florida | |||
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The Dalton plan features a floor plan of 1,986 square feet. It has three bedrooms, plus a flex room perfect for a home office or spare bedroom, two baths, large covered lanai and a two-car garage. The Dalton plan offers an open living area, spacious kitchen with a large center island, and granite kitchen counters. The abundance of large windows makes this home come alive with natural light and the open floor plan is perfect for entertaining! The massive main suite also has vaulted ceilings and a large bathroom with dual comfort height vanity, walk in shower, and oversized walk-in closet. The manager has listed the unit size as 1986 square feet.
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| Jan 10, 2022 | Listed by D R HORTON REALTY INC | $489,990 | |
| Listed by D R HORTON REALTY INC | |||
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1148616
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