721 COPPERHEAD Circle
About This Property
The ensuite bath has a soaking tub and separate walk in shower, vanity has two sinks and a separate water closet and linen closet.
A guest bedroom with a guest bathroom is found down the hall. A lovely patio and pergola in the backyard create a magnificent entertaining space or a place to relax and enjoy the lake view. Additional features include an oversized two-car garage, attic storage, a new Ruud water heater, a Kinetico water softener and filtration system, insulation in the garage and over the enclosed porch, and much more! Enjoy resort-style amenities at Cascades, including a gated entry, on-site landscaping services and irrigation maintenance included in the HOA fee, on-site amenities center event coordinator, a 22,000 square-foot amenity facility with a grand ballroom, prep kitchen, billiards, and darts room, poker room, library, card and game room, media room, and a learning center. The community is conveniently located between Jacksonville and St. Augustine, a short drive to the beach and the new Durbin Town Center, and local conveniences like Costco, Publix, restaurants, and much more!
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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