398 WAMBAW Drive
About This Property
Designed with flexibility in mind, the home features two guest suites with attached bathrooms (one downstairs and one upstairs), making it ideal for guests or multi-generational living. The screened lanai overlooks the fully fenced backyard and preserve setting, creating a great space to unwind or entertain outdoors. Seller is offering a $3,500 paint credit with an acceptable offer, giving buyers the opportunity to make the home their own.
Additional upgrades include custom laundry room cabinetry, built-in shelving in the office, and a custom closet system in the owner's suite. Residents of Rivertown enjoy access to resort-style amenities including pools, a lazy river, fitness center, walking trails, playgrounds, an amphitheater, and a neighborhood cafe overlooking the St. Johns River.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017