4439 MELVIN Circle W
About This Property
GREAT VALUE FOR THIS CONCRETE BLOCK MOVE IN READY SINGLE FAMILY HOME IN CONVENIENT LOCATION CLOSE TO SHOPPING, ENTERTAINMENT & NAS JAX BASE PLUS ORANGE PARK MALL NEW WALMART ONLY 10 MINUTES AWAY. PERFECT STARTER HOME CONCRETE BLOCK WITH PLENTY OF SPACE WITH ALMOST 900 SQUARE FEET OF LIVING SPACE 3 BEDROOMS, 1.5 BATHROOMS BATHROOM, TILED FLOORS THROUGHOUT, PLENTY OF PARKING & LARGE FENCED YARD FOR CHILDREN & PETS TO RUN AROUND. Will make for an excellent investment (rental income property). City taxes are only $882 per year and there is no HOA. Should rent between $800 & $900 per month
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2024 | Sold | ||
| Sold | |||
| Oct 19, 2023 | Listed by THE PROPERTY EXPERTS REALTY & INVESTMENTS INC. | $179,800 | |
| Listed by THE PROPERTY EXPERTS REALTY & INVESTMENTS INC. | |||
| Jan 3, 2018 | Listed by THE PROPERTY EXPERTS REALTY & INVESTMENTS INC. | $80,000 | |
| Listed by THE PROPERTY EXPERTS REALTY & INVESTMENTS INC. | |||
| Feb 1, 2017 | Listed by THE PROPERTY EXPERTS REALTY & INVESTMENTS INC. | $69,000 | |
| Listed by THE PROPERTY EXPERTS REALTY & INVESTMENTS INC. | |||
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Perfect starter concrete block home with large fully fenced back yard, newly painted shows very clean and in move in condition. 3 bedrooms & 1 full bathrooms. SOLD IN AS IS CONDITION BUT WILL PASS FHA & VA INSPECTIONS. will make for an excellent investment (rental income property). City taxes are only $838 per year and there is no HOA fee at all. Had been rented for $850 per month. More pictures of inside to follow. CALL TO FIND OUT HOW YOU CAN BUY THIS HOUSE WITH NO MONEY DOWN THROUGH A SPECIAL DOWN PAYMENT ASSISTANCE PROGRAM FOR QUALIFIED BUYERS. The payment on this house would be much lower for a mortgage payment than what a similar house rents for. Stop renting and find out how you can become a home owner.
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| Sep 15, 2015 | Sold | ||
| Sold | |||
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About Southwest Jacksonville
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 915026
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