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31 JASMINE DRIVE
About This Property
The updated kitchen features ample cabinetry, generous counter space, a tile backsplash, and a convenient pass-through, while the updated bathrooms add comfort and style. An interior utility room with a half bath provides added convenience and functionality.
Outside, the spacious yard is shaded by mature trees and complemented by established landscaping, a covered carport, and plenty of room to enjoy Florida living. Two detached workshops, both equipped with electricity, provide excellent storage and workspace. The larger workshop is perfect for a hobbyist, woodworker, or anyone needing space for projects, while the smaller workshop offers additional flexibility. Close to I4, Orlando, New Smyrna Beach and the new and up coming Debary Mainstreet.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017