424 GALLARDO Circle
About This Property
San Savino is among the nicest areas of St. Augustine Shores. Deltona and Toll Brothers built the homes in this section. San Savino is well kept and features two large lakes with three lighted fountains. Great area for walking - a short 1 mile to the Clubhouse, the Riverview Club located on the banks of the Intracoastal Waterway. The Riverview is undergoing a complete overhaul this year - new roof, AC, paint and floors and more. The Club has a huge pool and Cabana, playground and a Fishing Pier for residents. Adjacent to the Riverview Club is Canopy Shores Park - a pristine 30 acre park complete with parcour stations and a playground. All this and more - golf, disc golf, tennis and pickleball and they also have a Boat & RV storage compound. This is one of the most complete-package neighborhoods on the South side of Downtown St. Augustine which is about 15 minutes away, about the same as the Beaches. HOA Fee is only $32/mo.
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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.
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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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About St. Augustine Shores
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$2,000 /mo
- 2 Beds
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- 900 ft²
$1,995 /mo
- 3 Beds
- 2 Baths
- 1,359 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017