7504 PROXIMA Road
About This Property
Stunning Renovated kitchen offers sparkling stainless steel appliances, new bright white cabinets and granite countertops set against tiled backsplash. New laminate flooring throughout Livingroom and kitchen and brand new carpet in the bedrooms. Both bathrooms have been updated as well. Full bath has a brand new tub with tile surround, updated vanity with granite countertops in both bathrooms. Both bedrooms are spacious and offer ample closet space. Master bedroom includes half bath. Oversized laundry room is a plus! New glass sliding door that leads out to the spacious, partially fenced backyard. This home also just had the roof replaced and exterior has been freshly painted. This stunning home wont last long!
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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 Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017