3518 EUNICE Road
About This Property
Brick and Hardie board exterior
Attached wood-frame Mother-in-Law suite (2019)
Kitchenette in Mother-in-Law suite
Luxury Vinyl Plank flooring
Ship lap accent wall
Tongue and groove ceiling detail
Crown molding
Soft-close, updated cabinetry
Updated, modern light fixtures
Quartz countertops
Stainless steel appliances
Updated bathroom vanities
Screened back porch
In-ground chlorine Pool
Attached 1-car garage, floor recently refinished
Landscape lighting
Hurricane shutters
Rear fully fenced - wood
2nd Driveway (Good for RV/boat parking)
Lot backs up to private wooded area
The bedroom on the left side of the hallway was previously two bedrooms, converted into one. The closet for the south bedroom was converted into more space in the now Master bedroom. Could easily convert back to 3 separate bedrooms if desired.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017