772 EL VERGEL Lane
About This Property
Bright and airy with large windows, a triple slider, a double slider, and 10ft ceilings, this 3 bed/2 bath home boasts glistening solid oak floors throughout. Need to work from home - Not a problem with the large office space. The kitchen has 42� cabinets with plenty of storage, a desk area, and a cabinet pantry in addition to the closet pantry! Enjoy hanging out with your company while you prepare meals and they lounge in this open floor plan.
Crown molding throughout gives this home an upscale look and feel. The master suite with a double tray ceiling and fabulous views of the lake, offers his and her closets, and an exit onto the lanai. The master bath offers his and her sinks, a water closet, and a separate tub and shower.
Ocean Palms has a dock on the Intracoastal for fishing and enjoying spectacular sunsets, a community pool and playground, and a wonderful park with picnic area under a pavilion. There are monthly social activities if you want to get to know your neighbors. A stone's throw from the beach, a short drive to downtown and all there is to do in St. Augustine, this gated community offers an incredible lifestyle!
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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