6572 BROWARD Street
About This Property
The first floor is ideal for guests with a separate laundry area, two guest rooms, a luxurious bathroom, wet bar with microwave, and a spacious flex room/gym with an attached pool bathroom. Step outside onto the expansive deck and relax in the resort-like heated saltwater pool, or take in the beauty and sounds of the Atlantic Ocean. With private direct access to the beach, a relaxing sitting area, and all the water activities pristine Crescent Beach has to offer, you'll feel like you're on a secluded island.
Built in 2009 by James Alligood with masonry construction, this contemporary fortress-like property is reinforced with approximately 70 concrete pilings. Other features include an alarm system, entertainment system, entertainment bar, impact glass windows and doors, outdoor shower, workshop, and a propane full-house generator. The location is both exhilarating and restorative, offering a private oceanfront environment and spectacular ocean and intracoastal vistas. Located just minutes away from fine dining, shops, and galleries in Historic Downtown St. Augustine, this property is more than just a home - it's a lifestyle and the epitome of luxurious coastal 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