7531 STRATO Road
About This Property
Newer thermal dual pane windows.French Doors w/ built in Blinds lead to the covered Screened Rooms.Home will need new flooring,painting, cleaning, and kitchen cabinets and counters.** Property to be sold AS-IS ** Seller will pay for survey, title search, title policy and closing agent/attorney and not charge the selling agent a fee.Cash Sale Or Renovation loans. If renovation financing, will need to show Commitment Letter from Lender to the Seller's Agent. Needed documents for buying are under ''Document Tab''
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 21, 2018 | Listed | $74,900 | |
| Listed | |||
| | |||
|
Concrete Block Construction.Mid Century Ranch with One Car Garage. Newer Central Air Conditioner (installed 2013). ROOF REPLACED IN 2011. Newer thermal dual pane windows.French Doors w/ built in Blinds lead to the covered Screened Rooms.Home will need new flooring,painting, cleaning, and kitchen cabinets and counters.** Property to be sold AS-IS ** Seller will pay for survey, title search, title policy and closing agent/attorney and not charge the selling agent a fee.Cash Sale Or Renovation loans. If renovation financing, will need to show Commitment Letter from Lender to the Seller's Agent. Needed documents for buying are under ''Document Tab'' The manager has listed the unit size as 1014 square feet.
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| Jul 19, 2018 | Listed by FLORIDA HOMES REALTY & MTG LLC | $74,900 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
Property Highlights
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About Southwest Jacksonville
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Last Updated: 3 years ago
Data Source: Real MLS, MLS# 947986
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