55 WILLOW Drive
About This Property
Walking in the front door you are welcomed by a spacious living room that is brightly lit by picture windows as well as water views framed by a quadruple slider! The kitchen is upgraded with granite countertops, 42" solid wood cabinets, stainless steel appliances, and plenty of counter space for the cooking enthusiast. Downstairs, you have your original-master bedroom with an en-suite bath, along with two other bedrooms and a full bath. Upstairs, you have the main-master bedroom with a large walk-in shower, his and her vanities, a large 13x7 walk-in closet, and a private deck that sits amongst the treetops and overlooks the lake.
This concrete-block home was built in 1964 but had a large renovation/addition in 2006 adding a new great room/dining room, 2nd story master bedroom, screened in rear lanai, insulated windows and an upgraded kitchen. Best news is this home sits over 12ft of elevation and is not required to carry flood insurance!
55 Willow Drive resides in a sought-after neighborhood that continues to attract interest from buyers looking in St. Augustine Beach and won't last long on the market. The location of this home is ideal for anyone looking to live in a quiet community with long-standing neighbors and close to all the main attractions that St. Augustine has to offer.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017