277 COVINO Avenue
About This Property
Constructed with concrete block, this home ensures durability and low maintenance, allowing you to focus on enjoying the lifestyle it offers. Situated in close proximity to downtown St. Augustine, you'll have easy access to vibrant shops, dining, and cultural attractions. For beach lovers, Vilano Beach is just a stone's throw away, providing you with the ultimate coastal experience. Commuters will appreciate the quick access to I-95, making daily travels a breeze. Don't miss your chance to own a piece of St. Augustine's charm - schedule a viewing today!
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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 |
|---|---|---|---|
| Nov 9, 2023 | Sold | ||
| Sold | |||
| Oct 6, 2023 | Listed by ENDLESS SUMMER REALTY | $274,900 | |
| Listed by ENDLESS SUMMER REALTY | |||
| | |||
|
Welcome to this 2-bedroom, 2-bathroom cottage nestled in a prime location near downtown St. Augustine. This cozy home offers the perfect blend of comfort and style. Step inside and experience the seamless flow from the living area to the dining space, creating an open and inviting atmosphere. One of the standout features of this property is the spacious lot it sits on, offering you ample space to create your own outdoor haven. The absence of an HOA gives you the freedom to tailor this space to your liking, whether it's transforming it into a lush garden, a play area, or a serene retreat for relaxation. Investors and those looking for financial benefits will be delighted by the RS-3 zoning of the property. Lower property taxes and the potential for short-term rentals make this cottage not only a charming abode but also a smart investment.
Constructed with concrete block, this home ensures durability and low maintenance, allowing you to focus on enjoying the lifestyle it offers. Situated in close proximity to downtown St. Augustine, you'll have easy access to vibrant shops, dining, and cultural attractions. For beach lovers, Vilano Beach is just a stone's throw away, providing you with the ultimate coastal experience. Commuters will appreciate the quick access to I-95, making daily travels a breeze. Don't miss your chance to own a piece of St. Augustine's charm - schedule a viewing today!
| |||
| Aug 25, 2023 | Listed by ENDLESS SUMMER REALTY | $274,900 | |
| Listed by ENDLESS SUMMER REALTY | |||
| Aug 12, 2010 | Sold | ||
| Sold | |||
| Feb 21, 2010 | Listed by ENDLESS SUMMER REALTY | $107,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017