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261 CORNELL Road
About This Property
This 3-bedroom, 2-bath home is located in one of St. Augustine's most established and desirable areas, offering the perfect combination of solid bones and unlimited potential. With a little TLC and vision, this property can be customized to fit your needs, whether as a primary residence, rental property, or renovation project.
Opportunities like this are hard to find in today's market. With significant upside potential and room to add value, this home presents one of the best opportunities in Northeast Florida. Schedule your showing today and see the possibilities for yourself!
Property to be sold as is.
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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.
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About St. Augustine South
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$5,200 /mo
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$1,680 /mo
- 2 Beds
- 2 Baths
- 1,341 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017