3044 NEWELL Boulevard
About This Property
What sets this property apart is its additional dwelling unit, accessed via a breezeway with additional 397 SqFt (buyer to verify SqFt) Whether you need a guest suite, mother in law suite a home office, or a rental opportunity, this separate space offers flexibility to suit your needs.
Outside you will find a large screened porch ideal for lazy afternoons or family gatherings and backyard, lined with fruit trees that thrive in Florida sun.
Location is key here - Convenient to shopping and dining, Downtown and St. Johns Town Center. Plus, with the Beach within easy reach, you're never far from a day of sun, sand, and surf.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017