3105 ST JOHNS Avenue
About This Property
According to Wayne Wood's Architectural Digest, the house originally featured a second story balustrade that ran all the way across the veranda roof. Its monumental two-story columns were found on more extravagant homes of the early days, often referred to as 'Southern Colonial.' There is a full front porch that wraps around to the side, front door opens to a grand hall with stairs and separates the large living rm with fireplace from the grand dining room with fireplace. Second floor has 3 bedrooms, bonus room and 2 baths. Third floor walkup attic is mostly floored for tons of storage.The yard is large with covered parking in the rear.
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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%.
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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 Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017