318 LAKESHORE Drive
About This Property
Hallway enters separate dining and living areas, both showcasing gleaming hardwood floors. The kitchen, equipped with gas appliances, solid surface countertops, cozy breakfast nook and butler pantry. The spacious owner's suite is on the first floor, while upstairs you'll find two bedrooms, a large bonus room with engineered hardwood floors, and a second bathroom. The expansive covered back porch is ideal for quiet evenings or entertaining guests. Note the newly paintied interior, 3 year old AC, brand new gutters, external generator receptacle. Conveniently located near shopping and less than 10 miles from historic downtown St. Augustine, it combines convenience with charm.
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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 St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017