4864 ASHLEY MANOR Way
About This Property
Riverwoods at St. Johns Landing. Light, bright and well maintained home is freshly painted throughout. New wood-look plank tiles in main living areas, tile in kitchen and baths. Kitchen has been updated with quartz countertops and stainless steel appliances, goose neck faucet, and includes pantry and breakfast nook. 3 bedrooms with a split floor plan for privacy. Large master bedroom has ensuite with new tiles in shower. Enjoy Summer nights on the screened covered patio with a deck beyond for extended outdoor living space. Manicured lawn and gardens are easily maintained with sprinkler system on shallow well. Inside laundry. Neighborhood is convenient to Mayport, boat ramps, the beach and downtown. No showings until May 1.
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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.
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017