2714 LEON Road
About This Property
Unfortunately due to family circumstances we must sell off our little golden egg
It is already bringing in 3k-5k passive income monthly.
Fully cleared, approximately half an acre of a cleared lot. That has numerous possibilities!
Located in a central part of Jacksonville, while still being secluded from the daily chaos of traffic. Property has no HOA and is ready to build with well and septic should you choose to go that route.
Property includes 2 rentable unites. It also has a permitted storage container that is currently being rented out for storage as well.
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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 Greater Arlington
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$2,500 /mo
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$2,300 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017