3330 CLAREMONT Road
About This Property
This meticulously renovated home, conveniently located, has been a successful rental property for the current owner, attracting strong interest and generating profitable income. Buyers can take advantage of a 1% down conventional loan option, making it an excellent opportunity. The property features a charming covered front porch, spacious fenced backyard, 2 bedrooms plus an office/flex room, and 1 bathroom. Inside, upgrades include a modern kitchen with tile backsplash, granite countertops, stainless-steel appliances, and a refreshed bathroom. Additionally, it's close to shopping and the interstate. Don't miss out on this fantastic opportunity!
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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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About Southeast Jacksonville
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$1,775 /mo
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$1,600 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017