6522 BARTH Road
About This Property
Jacksonville, FL
This property features 1) a main house, 2) unfinished building that could be used for a house, storage or workplace of many types, 3) oversized garage, 4) very large metal barn for storage or commercial workspace and 5) swimming pool.
The main house is a 3 BR/4BA property estimated at 2,200 s.f. with a wrap around porch, pagoda and hot tub. The master bedroom is approximately 500 s.f. with 2 full BAs. There is a separate washroom, 2 master bedrooms, large dining area and interior storage room.
The unfinished building is 1,150 s.f./46 x 25 with another 14 x 14 room on back and a large chimney/fireplace, HVAC ducting is already installed.
The garage is 1,104 s.f./46 x 24.
The metal barn could be used for storage or a commercial workspace. It is 80 x 27 with 4 roll-up doors, an iron double-door and covered parking spot for a semi-truck. The metal barn has a full bathroom and an office.
The swimming pool is in good shape but
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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%.
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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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