5478 MARINERS COVE Drive
About This Property
Inside, the home showcases new flooring throughout, new kitchen cabinetry and countertops, and updated bathroom vanities, creating a fresh, modern feel. The spacious family room makes a striking impression with soaring 20-foot ceilings, an abundance of natural light, and a dramatic two-story brick fireplace that serves as the heart of the home.
The chef's kitchen is designed for both functionality and entertaining, featuring a built-in ice maker and trash compactor. The custom-built primary closet and two built-in safes - one in the primary bath and a floor safe in the closet-provide both practicality and peace of mind.
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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