531 FATIO Lane
About This Property
Here's your chance to own a mid-century modern home built by Robert C. Broward, a student of Frank Lloyd Wright. This home is on almost a half acre, in a beautiful part of Orange Park. True to the Mid-century style, this home has windows everywhere, letting in tons natural light. It has the original terrazzo flooring and beautiful wood ceilings. This home needs your help to restore it to the beauty it once was. An appraisal was done as is and priced accordingly. Call for comps on remodeled value. Selling as is. Renovation loan or cash only.
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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