358 WEATHERED EDGE Drive
About This Property
The kitchen is complete with white shaker style cabinetry, an island breakfast bar, granite countertops, stainless appliances & a gas range. Luxury vinyl flooring runs through the main areas & there's a 4th bedroom & additional full bath downstairs. Upstairs finds a spacious loft living room, the master suite & 2 additional bedrooms & a full bath. There's ample storage space throughout. Located in Trailmark, residents enjoy a resort style pool, fitness center, hiking and biking trails, basketball courts, pickle ball courts, a lakeside pavilion & kayak launch complete w/ rentals. You're zoned for A-rated St. Johns County Schools & are conveniently located only minutes from shops & restaurants with easy access to the interstate.
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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