407 RUSTIC Road
About This Property
Dunn's Creek is just down the road and leads straight into the St. Johns River. Spend your weekends on the water, then head home to peace and quiet.
You're also just minutes from Dunns Creek State Park, where you can horseback ride, bike, and take in Florida's natural beauty. Need to get into town? Downtown Palatka is about 8 minutes away with shopping, restaurants, and local events.
This Carmen model features 3 bedrooms, 2 bathrooms, and a 1-car garage, sitting on a beautiful lot with a private, peaceful backyard.
There's still room to make it your own. Add a pool, a she-shed, or a play area.
Inside, you'll find:
• 9-foot ceilings
• LVP flooring throughout
• Granite countertops
• Stainless steel appliances
& more!
Don't hold out on this great investment! You can't beat a quality built new home! Reach out to the agent for more help with financing.
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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