6617 BROWN Road
About This Property
Are you looking for a little piece of paradise? You will love this completely remodeled home with 2,356 sf of living space. Two of the four bedrooms have their own full bath with walk in closets! The kitchen has new counter tops, LOTS of cabinets breakfast bar and stainless steel appliances. The home has a NEW Roof and it sits on a beautiful 1.2 acres with a pond, fruit trees and a screened porch. No HOA or CDD fees with plenty of room and privacy for your RV or Boat. The large backyard is fenced with a shed, and perfect for your dog to run. New pump and drinking water filtration system. Conveniently located off of US 1, just east of World Golf Village and approximately 5 miles to downtown St Augustine and Vilano Beach.
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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