7604 NECIA Drive
About This Property
This home offers 3 bedrooms, 1 bathroom home is situated on just under one acre, 18x50 metal RV cover that has a 50-amp electric service and water connections. There is a shed in the back yard that conveys. Newer roof (2022) AC is about 5 years old. chicken coop the seller is considering leaving on the property. The chicken coop also has water and electric.
As you enter the home there is a hallway that takes you to the first room which is a nice-sized room with a walk-in closet with new carpet. At the end of the hallway, you'll find the laundry room. A pantry/closet was built in this area. If you go past the laundry room, there is another room with a nice size closet.
On the other side of the hallway, you'll enter the living room and see a big wood burning fireplace and kitchen. The kitchen isn't big, but it's functional and open. The Sellers are offering a 1,000 credit towards a new refrigerator.
You can access the oversized master bedroom from the living room or through the French doors on the side of the house. It has a nice walk-in closet and bathroom which is also accessed off of living room.
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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