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3531 GARIBALDI Way
About This Property
SHOWS LIKE A MODEL with many upgrades! This .29 acre lot offers plenty of room for a swimming pool. Bright home with high ceilings which offers a formal dining and Den/study. Kitchen opens up to family room with plantation shutters. Gourmet Kitchen features granite counter-tops, double ovens; Appliances are GE Profile, pull out trays, lazy Susan, draws for pots and pans, pendant lights, recess lights and stone back-splash. Food Prep Island and breakfast bar. Microwave vents-out. Breakfast/nook. Lots of storage. Costume built large screened lanai with pavers and gable ceilings; a great place to relax! Large master bedroom, master bath features large shower, double sink. Secondary bedrooms offer plenty of room for queen bed, dresser, night stands. Crown molding, 18x18 tile floors, all chandeliers stay. Home is strategically located close to SR 16 and about 10 minutes to the Premium Outlets in St Augustine and restaurants. A-Rated school district.
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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