5343 RIVERVIEW Drive
About This Property
In 2018-2019, the home received a significant transformation that included: new wood plank flooring upstairs, several new bathroom finishes throughout, new kitchen dishwasher, sink, faucet & stovetop, new kitchen & bath tiles, new ceramic wood looking tile flooring downstairs, new hot water heater, 2 new AC units (raised), new sliding doors & living room window, all new interior doors & hardware. Master suite still needs the closet to be finished & some bathroom features remain undone (plumbing is done & corner tub plus shower fixture doors & tile are there). While there are "some" unfinished elements, the home is functional, spacious and could be occupied while the owner completes it at a pace of choice, not having to start from scratch & then wait for months and years. Another outstanding option for the lucky new owner would be to potentially make use of the FEMA grant to tear down & rebuild opportunity. Sellers have completed all required documentation. The grant application will convey with the property, if new owners so desire to proceed. Approximately $150,000 in grant money may be available to the new owner through FEMA if they adhere to specific requirements. More details available upon request. The seller has beautiful coastal plans already drawn up, which will be offered to the buyer who wishes to rebuild, making the process of creating your dream coastal haven even more convenient. St. Augustine, the oldest city in the United States, is a place where history, culture, and growth come together. While residing in this serene part of Anastasia Island in St Augustine, you are just a short drive away from the vibrant heart of downtown. This historic city is gaining popularity, offering a wide array of cultural, dining, and recreational options while the top notch St Johns County school district adds enduring appeal. Whether you seek a contemporary coastal retreat, a timeless Florida-style residence with a playground for the water enthusiast or a luxurious waterfront estate, the possibilities are limitless and the price is right at 5343 Riverview.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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