5785 GEORGE HODGES Road
About This Property
Nestled on nearly 4 acres of high and dry land, the property offers privacy, space, and a peaceful country setting while still being incredibly convenient. Located just off I-10, you'll enjoy a quick and easy commute to Jacksonville or Lake City.
A large barn with a roof high enough to accommodate an RV provides excellent storage or workspace, while RV hookups behind the home make it ready for travelers or guests. There is also a separate wing of the barn equipped with a winch for boat storage. With usable acreage, practical outbuildings, and a well-maintained home, this property offers endless potential for comfortable country living.
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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