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60 ALMERIA Street
About This Property
Just blocks from historic Flagler University, this 3 bed, 2 bath cottage provides the perfect vacation home, primary residence or income producing property (Zoned RG-1).
This cottage home (built in 1915) is just blocks away from all that St. Augustine has to offer as well as requires minimal exterior upkeep with it's canopy tree covered backyard and pebble covered front yard. A glass porch as well oversized rear patio provide multiple relaxation areas to sit back and take in all that St. Augustine has to offer. The home offers an open Floorplan with separate living and dining areas and hardwood original flooring throughout. Kitchen counters have been recently updated and new paint to lighten up the property making it the perfect blank canvas to furnish/build out.
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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