5476 WATERSIDE Drive
About This Property
Nestled on the Cedar River, this sweet property is the perfect waterfront home to customize as your own! Enter through a sweet gated terrace and head inside to find multiple living spaces, ideal for a family room, dining space, or flex room! A spacious kitchen overlooks the great room and this area boasts high ceilings, a brick focal point fireplace, and amazing backyard and water views. A finished back porch is the perfect place to enjoy morning coffee or enjoy an evening read. Three bedrooms share a well-sized bathroom and the primary suite features its own bathroom and good storage. Off of the kitchen, find a flex space ideal for laundry and pantry space. One of the best parts of this home is the additional spaces off of the garage and back porch that will allow for a workshop, more storage, or whatever you want it to be! An incredible screened back porch allows you to enjoy the river views without the pesky critters. This homeowner took so much pride in its beautiful landscaping--complete with tons of floral bushes + greenery. The backyard has plenty of space for play or gardening and of course, some of the most desirable aspects of this home are the dock, boathouse, and river access. Property shares a boathouse with the neighbor but has its own slip and non working boat lift. Bulkhead was redone in 2022 and the views and navigable access are hard to beat! This backyard feels so private and serene and will become a place you will spend lots of time. Generac stays with the home, as well as two propane tanks and security cameras. Pump for septic system is new as of Jan 2025 and pipes in both directions are new as well. Roof and water heater from 2020. New water softener system from 2023.
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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.
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017