3516 BOBWOOD Drive
About This Property
Large master with sitting room; Gated community with tennis, pool, playground and close to shopping on 312 and convenient to St Augustine Beach. Master Bedroom suite includes sitting area, double closets, large bathroom with custom mirrors, double faucets in shower and large soaking tub; arched door openings from living room to other rooms; transoms over windows in living, dining, family and breakfast rooms; 3rd bathroom accessed from covered, pavered lanai overlooking curved patio with brick pavers viewing beautifully landscaped back yard. All closets are spacious and large for ample storage. Laundry room is separate with sink and built-in cabinets. Low E glass windows & radiant barrier for energy efficiency; deep well for lawn irrigation. 3 car garage with side entry. Plantation shutters, honeycomb shades and blinds shall convey; however drapes and landscaping rocks do not convey.
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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