486 MALCROSS Avenue
About This Property
Enjoy your completely updated and renovated home on evenings while enjoying your favorite cup of coffee on your front porch.
This 3 bed 1 bath home has been completely renovated from both a structural and aesthetic perspective. Brand new Central AC installed, newer roof, 3 years old, reinforced beams and floor joists ensure a structurally sound home for years to come. New water heater with updated electrical panel.
Brand-new double pane tempered windows allow for the gleaming of natural light, brand new bathtub with floor to ceiling Florence Carrera tile, completely brand-new kitchen with wooden soft close cabinets and drawers with granite countertops. New Samsung stainless steel appliances. These are just a few of the many features of this home. No neighbors on either side of property, this end lot on a dead-end street will provide the privacy and reprieve your family has been looking for just minutes from downtown Jacksonville in the desirable Panama Point neighborhoods.
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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.
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017