7450 STATE ROAD 13 N
About This Property
ST JOHNS COUNTY, ST AUGUSTINE FLORIDA
NO HOMEOWNERS ASSOCIATION
AND NO CDD FEES
This 6 ACRE lot is 200 feet wide at front along SR 13N and 1100 feet to the back of the property and 275 feet wide at the back and then 1100 feet back to the front of the road.
Lot size is 200 X 1100 by 275 X 1100.
This is a fantastic opportunity for you to build your dream home: this property is also setup to allow the new owner to build two houses on this beautiful acreage, one as the main house and another guest house which is great for extended family members. With all this land you can bring the RV, the Boat all the Toys and the Livestock too if you wish.
This rare property with a newly installed culvert is in a super location and is zoned Open Rural, it's current usage is Timberland which is why the taxes are super low and very affordable. You can purchase this land and do what you want when you want! Located close to I95, the World Golf Village, Historic Downtown St Augustine, Jacksonville and the Beaches. This is a very desirable area with A rated schools that will provide the new owner with a private country setting.
Don't miss this opportunity to own your own 6 Acres of land.
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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.
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017