348 NW NULL ROAD
About This Property
Investment Potential: Airbnb & Rental Flexibility - This property features a versatile layout that can easily be divided into two separate 1-bedroom, 1-bathroom units. This unique configuration allows for maximum rental flexibility-live in one side while renting the other or manage two independent short-term rentals.
Situated on a lush 0.63-acre lot, the property is shaded by magnificent ancient oaks draped in Spanish moss. The home is designed to celebrate its environment, featuring a spacious rooftop deck-the ultimate spot to unwind while overlooking the tea-colored waters of the Suwannee or stargazing in the quiet of the North Florida nights. You can even launch your canoe right from the property with the installed powered winch.
Enjoy being minutes away from fishing, kayaking, and the scenic trails of Stephen Foster State Park (across the river) and Big Shoals. You get the peace of the woods with the convenience of being near local amenities and easy access to I-75.
Don't miss out on this turnkey riverfront investment-schedule your tour 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017