5419 4TH Street
About This Property
Unleash your INVESTMENT POTENTIAL with this fixer-upper boasting a prime location! This property is a diamond in the rough with a sky-high ARV of over $700K once renovated. All the heavy lifting has been done: newer roof, exterior, HVAC, plumbing, windows, and hurricane doors. A FEMA-approved elevation plan is in place to lift the house 6 feet at no cost to you! Primely located within walking distance from the beach, this home offers an unbeatable coastal lifestyle. Take advantage of the nearby Butler beach with 4x4 vehicle access, and also the scenic A1A route down the street. Immerse yourself in the rich history of St. Augustine, just a short 15-minute drive away. Entertain guests in style with a spacious wrap-around driveway, huge patio, and covered outdoor area. Don't miss this golden opportunity to build your dream home or create a lucrative rental property!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Aug 9, 2024 | Listed by CHAD AND SANDY REAL ESTATE GROUP | $349,900 | |
| Listed by CHAD AND SANDY REAL ESTATE GROUP | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Relisted | $399,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017