418 ORCHIS Road
About This Property
Great outside space too, seen in the extra large screened lanai, beautifully painted and tiled, leading to the fenced back yard. Large storage shed on the north side of home offers room for the outdoor-fun equipment. You'll even find a fully fenced front lawn as well, offering plenty of space for you four-legged family members to roam. Newly poured driveway and sidewalks further give this beauty added curb appeal. Located an highly desirable St. Augustine South, this home is just about two blocks away from Moultrie Creek and one of the two boat-ramps in the neighborhood. St. Augustine South is a fantastic neighborhood about 5 miles to downtown and beaches and offers a worry-free lifestyle with no HOA, allowing for your recreational vehicles to be stowed in your driveway.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2020 | Sold | ||
| Sold | |||
| Apr 14, 2016 | Sold | ||
| Sold | |||
| Feb 1, 2016 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $249,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Apr 9, 2014 | Sold | ||
| Sold | |||
| Jan 9, 2014 | Listed by WATSON REALTY CORP | $179,500 | |
| Listed by WATSON REALTY CORP | |||
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Wonderful concrete block home in St Augustine South, an Intracoastal front community with no HOA. This bright and airy home offers vaulted ceilings and Skylights for plenty of natural light, spacious rooms, Eat-in-kitchen with breakfast bar, formal dining room and family room with fireplace for those chilly nights. The master bedroom offers 2 closets, separate shower with garden tub and double sink vanity. Outdoors enjoy a screened Lanai and privacy fence that encloses the backyard.
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About St. Augustine South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017