306 ALCAZAR Street
About This Property
This Davis shores fixer upper is perfect for someone looking to house hack or tap into the BOOMING short term rental market here in the City of St.Augustine. Zoned RS-2 this property offers minimum weekly rentals for short term purposes. Huge potential with existing block detached garage structure. Add an apartment above the garage and live in the main home or vice versa. Located just a short walk or bike ride from the Bridge of Lions and all the best restaurants that Saint Augustine has to offer, this home is ready to be your next investment.
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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