422 PARK FOREST Drive
About This Property
The Owner's Suite is a tranquil space for unwinding at the end of a long day! It features Tray ceilings, 2 separate closets, 2 separate sinks with raised vanities, Quartz countertops, a Large tub, & a spacious stand up shower! The first floor guest suite can be used as a private office or a bedroom. It even includes a built in closet office (see photos) and has it's own connected bathroom so your guests can enjoy their stay with privacy! The upstairs has an open loft/game room and 3 additional bedrooms with 2 full bathrooms! The kids can have their space & you have yours! The list of upgrades continues... Porcelain wood-look Tile, Mud Room/Drop Zone, Crown Molding, Black aluminum backyard fence,
Overhead storage racks in single car garage, Soft Water System (includes free salt delivery), & Gutters! The separate 1 car garage can be used for a golf cart and the 2 car garage leaves plenty or room to park your cars!
Just a short walk to the Colony Park, a golf cart ride or bike ride to the zoned Palm Valley Academy (K-8) part of the award winning St. Johns County School District, and a 5-10 minute drive to A1A and the Ponte Vedra beaches! And of course it all comes with access to the amazing Nocatee amenities and events: Spray and Splash Park, Food Truck Fridays, weekend Farmers Market, and so many other resident green spaces, playgrounds, and pools as well as free family and adult monthly events. The nearby Nocatee Town Center with Publix, Greenwise, dining, and retail is easily accessed via golf cart, bike ride, or car. The Nocatee lifestyle is waiting for you... Come enjoy all that it has to offer!
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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