3208 DILLON Street
About This Property
Beautiful bungalow with three bedrooms, ,move-in ready! One bedroom is a pass through to the utility room and rear entry. Washer & Dryer connections. Updated mechanicals. Great opportunity for the buy and hold investor or first time home buyer. Very low property taxes. Call your favorite Realtor to see this one today!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2022 | Sold | ||
| Sold | |||
| Dec 31, 2021 | Listed by MITCHELL & WILLIAMS REALTY LLC | $99,999 | |
| Listed by MITCHELL & WILLIAMS REALTY LLC | |||
| Oct 21, 2016 | Sold | ||
| Sold | |||
| Aug 25, 2016 | Listed by MITCHELL & WILLIAMS REALTY LLC | $39,900 | |
| Listed by MITCHELL & WILLIAMS REALTY LLC | |||
| Jun 10, 2015 | Listed by FALCON PROPERTY MANAGEMENT LLC | $35,000 | |
| Listed by FALCON PROPERTY MANAGEMENT LLC | |||
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This home is located in the Lackawanna area off of the Mc duff exit on I-10. The home has just been remodeled and is ready to rent. It is a 2 bed 1 bath house that would rent for 695$ +-. The insurance on the home is around 600$+- and taxes are 498 a year. The home is for sale for 35,000$.Total rent for the year would be a potential 8,340$. A 10% fee for management would be 834$ repairs and maintenance would be around 834 as well. Total expenses would add up to be 2,746 which includes taxes, insurance, management, and repairs and maintenance. This would generate an NOI of 5,594 $. This would give you potential cash on cash return of 15.9%.!!!
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About Northwest Jacksonville
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Last Updated: 9 months ago
Data Source: Real MLS, MLS# 1147348
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