515 SEVILLA Drive
About This Property
The Shores offers so many amenities for an incredibly low HOA Fee! Located on the waterfront, The Riverview offers a 180,000-gallon pool, kiddie park, picnic area, horseshoe pits, volleyball, & sports field! This facility has a 5500 sq. ft. ballroom, game room, card room, library, kitchen facilities available for rental, & a huge list of activities you can participate in on a daily basis. A 500 foot pier & gazebo extends into the Intracoastal Waterway providing an exceptional opportunity for anglers, wildlife observers, & sunrise/sunset seekers. Want to golf? The St. Augustine Shores Golf Club is a private 18-hole, par 70 course for the veteran & novice golfer. There are 150 miles of paths & sidewalks, & 14 lakes/ponds. WD Hartley Elementary school, an award winning school in St. Johns County, is located within the Shores. There are also a variety of worship centers within the Shores community. See Attachment for list of Upgrades!
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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