253 FRONT DOOR Lane
About This Property
The gourmet kitchen has granite countertops, counter seating, stainless appliances, is spacious and will delight the finest of chefs. Adjacent to the kitchen is convenient ''planning center nook'' perfect for paying bills or catching up on emails. The primary suite has a large shower, with a built in seat and designer tile, double sinks and a large closet. The other three bedrooms allow plenty of room to enjoy. The dining room is well suited for entertaining family and friends. It overlooks the kitchen, living room and lanai. The indoor laundry room has a large sink and storage. The roof and appliances are less than 6 years old. The lanai is screened in and the patio has been extended through the backyard adding a fire pit for entertaining guests and roasting marshmallows. The home backs up to a Parklike setting and is perfect for privacy and cooking outdoors. It seamlessly integrates indoor and outdoor living providing a tranquil space for relaxation.
This home has top of the line builder upgrades and was recently remodeled to add a large window in the family room, all new light fixtures, mirrors and custom made shades. The fourth bedroom also has a customized Murphy Bed. All of the landscaping both front and back have recently been redone.
The backyard is fully fenced and has plenty of room for a pool. The 2-car garage has extra storage for all your toys and accessories. All this offered within walking distance to an A-Rated Elementary school, supermarket, shops and restaurants. Historic St. Augustine and Beaches are just 15 minutes South and Jacksonville is 25 minutes North. Palencia's amenities include a state-of-the-art golf course, clubhouses, swimming pools, fitness center, tennis courts, walking trails, and more - all just steps 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