38
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5428 WATERSIDE Drive
About This Property
The exterior is equally impressive, with new vinyl fencing on one side and chain link on the other, plus a solid dock & boat house (no lift) for your watercraft. The spacious backyard offers wonderful river views, perfect for relaxing or entertaining. The Cedar River connects to the ocean by way of the St Johns river, but there are bridge height restriction so it's best suited for boats without masts. With its prime location and extensive updates, this home offers a rare opportunity for affordable waterfront living. Don't miss your chance to make it yours!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | Price Decreased |
$399,000
↓ $36K
(8.3%) | |
| Price Decreased | |||
| Oct 10, 2024 | Listed by WATSON REALTY CORP | $435,000 | |
| Listed by WATSON REALTY CORP | |||
| Sep 27, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
Building Info
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Price/ft²
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017